Počet záznamov: 1
How are 1bis pension pillar funds performing?
SYS 0250193 LBL 02224^^^^^2200217^^^450 005 20240902085820.6 014 $a 000418110800006 $2 WOS CC. CPCI-SSH 100 $a 20170904d2017 m y slo 03 ba 101 0-
$a eng 102 $a CZ 200 1-
$a How are 1bis pension pillar funds performing? $e a cross-country analysis $f Michal Mešťan, Jan Šebo, Ivan Králik $g [recenzované] 330 0-
$a Private DC pension schemes implemented in CEE countries possess common features in the way how contributions are made, investment vehicles and investment management. As the investment risk and subsequent adequacy risk is effectively shifted onto savers, pension funds’ performance net of fees and inflation is of utmost importance for the sustainability of the pension schemes and ability to deliver expected results from the view of replacement ratios. Understanding the investment returns and the impact of fees under the comparative analysis is therefore our main objective. Object of our research are the particular investment vehicles (pension funds) in three countries: Slovakia, Estonia and Latvia. Subject of our research is the risk adjusted returns of analyzed pension funds provided under the 1bis pillar pension scheme in these countries. We use conventional Sharpe and Sortino ratio to assess the performance and confirm that even if there are no major differences in investment policies, the risk adjusted performance is vastly different even when comparing similar pension funds based on their portfolio structure. We also suggest that these differences in risk adjusted performance may result in vastly different pension pots and thus replacement ratios. 463 -1
$1 001 umb_un_cat*0250201 $1 010 $a 978-80-210-8610-4 $1 200 1 $a European financial systems 2017 $e proceedings of the 14th international scientific conference, June 26-27, 2017, Brno $h part 2 $v S. 52-59 $1 205 $a 1. vyd. $1 210 $a Brno $c Masaryk University $d 2017 $1 215 $a 495 s. $1 710 11 $3 umb_un_auth*0262160 $a European financial systems 2017 $b medzinárodná vedecká konferencia $d 14. $e Brno $f 26.-27.06.2017 606 0-
$3 umb_un_auth*0172870 $a pension funds 606 0-
$3 umb_un_auth*0159340 $a pension pillar 615 $n 336 $a Financie 675 $a 336 700 -1
$3 umb_un_auth*0232064 $a Mešťan $b Michal $p UMBEF04 $4 070 $9 40 $f 1991- $q 1 $T Katedra financií a účtovníctva 701 -1
$3 umb_un_auth*0041148 $a Šebo $b Ján $p UMBEF15 $4 070 $9 30 $f 1978- $T Katedra verejnej ekonomiky a regionálneho rozvoja 701 -1
$3 umb_un_auth*0041263 $a Králik $b Ivan $p UMBEF15 $4 070 $9 30 $q 1 $f 1992- $T Katedra verejnej ekonomiky a regionálneho rozvoja 801 $a SK $b BB301 $g AACR2 $9 unimarc sk T85 $x existuji fulltexy
Počet záznamov: 1