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Pension Funds and Emerging Markets

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Author Info
Jorge A. Chan-Lau
Abstract

This paper focuses on the investment behavior of pension funds in developed and emerging market countries. First, it analyzes the main determinants of the emerging market asset allocation of pension funds in developed countries. Second, it assesses how pension funds in emerging markets have contributed to the development of local securities markets. Third, it analyzes the determinants of pension funds' investment performance. The paper concludes with a discussion of why the emerging market asset allocation of pension funds in developed countries is likely to increase and what the challenges faced by pension funds in emerging markets are.

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Paper provided by International Monetary Fund in its series IMF Working Papers with number 04/181.

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Length: 29 pages
Date of creation: 12 Oct 2004
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Handle: RePEc:imf:imfwpa:04/181

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Keywords: Pensions Emerging markets Financial assets Pension regulations

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Brown, Stephen J. & Warner, Jerold B., 1985. "Using daily stock returns : The case of event studies," Journal of Financial Economics, Elsevier, vol. 14(1), pages 3-31, March. [Downloadable!] (restricted)
  2. David Blake, 1999. "Portfolio Choice Models of Pension Funds and Life Assurance Companies: Similarities and Differences," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan Journals, vol. 24(3), pages 327-357, July. [Downloadable!] (restricted)
  3. Philip R. Gerson & G. A. Mackenzie & Alfredo Cuevas, 1997. "Pension Regimes and Saving," IMF Occasional Papers 153, International Monetary Fund.
  4. Bodie, Zvi & Merton, Robert C., 2002. "International pension swaps," Journal of Pension Economics and Finance, Cambridge University Press, vol. 1(01), pages 77-83, March. [Downloadable!]
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This page was last updated on 2008-8-15.


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