Asset Allocation Considerations for Pension Insurance Funds

Hertrich, Christian

doi:10.1007/978-3-658-02167-2

Cited by 12 publications

(5 citation statements)

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“…The definition of capital market is a container of meeting parties who over-fund with parties who lack funds by trading securities (Tandelilin, 2001). It is recommended by Hertrich (2013) that the formation of pension fund investments should be formed diversified from assets that have stable interest and assets that have a dynamic interest. Improved stock value performance can be a factor that stimulates the growth of pension fund assets (Boeri et al, 2006).…”

Section: Capital Marketmentioning

confidence: 99%

Influence of Capital Markets, Inflation, and Demographics on the Growth of Pension Fund Assets in the State Organization of Islamic Cooperation

Ashari¹

2021

jefms

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The percentage of pension receipts that is still low is experienced by many developing countries in the continent of Asia and Africa in terms of providing pension funds for their citizens. This study seeks to analyze the effect of growth in pension fund assets in OIC member countries. The measurement of the growth of pension fund assets is viewed through the aspects of the number of stock traded, the equity index, the inflation rate, male labor force participation, female labor force participation, the working age, and the retirement age. In addition, this study uses a panel data regression analysis method with the period 2010 to 2019. The results show that there are variables of male labor force participation, female labor force participation, working-age, and retirement age that have a significant effect. Male labor force participation, working-age, and retirement age have a positive effect on the growth of pension fund assets, while female labor force participation has a negative effect on pension fund assets. It can be said that the demographic aspects can influence the growth of pension fund assets in OIC member countries in the period 2010 to 2019.

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Section: Capital Marketmentioning

confidence: 99%

Influence of Capital Markets, Inflation, and Demographics on the Growth of Pension Fund Assets in the State Organization of Islamic Cooperation

Ashari¹

2021

jefms

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“…The only option is to increase the total volume of resources through additional revenues. Hertrich (2013) highlights the positive impact of a broadly diversified investment portfolio managed by pension trustees on the capital market. Therefore, the portfolio of the pension fund has to be formed by a mix of fixed interest assets and interest sensitive assets.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

The Impact of Stocks and Bonds on Pension Fund Performance

Chovancová¹,

Hudcovský²,

Kotásková³

2019

JOC

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Stocks and bonds represent the two most common assets in pension fund portfolios. For both pension fund participators as well as pension fund administrators it is necessary to examine the impact of stock and bond markets on the pension fund. This paper investigates the connection between stock, and, respectively bond market and pension funds. The relationship between the pension market and representative stock and bond market indexes was confronted. Research data based on pension statistics from the Organisation for Economic Cooperation and Development were included in our research. A stronger impact was shown of the bond market on pension fund performance. The paper is divided into 5 chapters. In the first chapter, we introduce theoretical approaches along with essential knowledge in terms of a deeper analysis of research problems. The second chapter focuses on a literature review, with the third detailing the methods and methodology of research. The fourth chapter focuses primarily on achieving and interpreting the results of research in the context of the set objectives. In the fifth chapter, the achieved results are aggregated in the form of particular recommendations formulated after studying the issue.

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“…forward rate bias and purchasing power parity) or driven by dynamics of the financial markets (e.g. interest rates and share prices) (Hertrich, 2013). The test for cointegration between the endogenous variables of each portfolio is carried out using the method developed by Johansen (Johansen, 1995 .…”

Section: C) Vector Error Correction Model and Bootstrap Simulation Anmentioning

confidence: 99%

“…In the area of pension insurance funds Hertrich 2013 (Hertrich, 2013). Both works use a multivariate vector error correction model (VECM) in order to capture the underlying time series' data generating process.…”

Section: Introductionmentioning

confidence: 99%

“…Based on the econometric approaches of Schröder (2010) and Hertrich (2013), this paper analyses the suitability of SRI for German savings banks, which is unique to our knowledge based on the current state of literature. After the collection of the financial statement data, German savings banks are clustered according to Schäfer & Mayer (2013).…”

Section: Introductionmentioning

confidence: 99%

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