Investment Decisions in the Romanian Pension Funds
The paper presents the needs of a reliable pension fund system as a consequence of the ageing of the population. The sustainability of the privately administrated pension funds is given by the administrators’ investment decision. The pension fund participants would aim for a low contribution and expect for a prospective high return. At this point is the administrator’s decision to invest the fund in a high return – high risk portfolio that would lead to a high volatility or in a moderate return portfolio with a manageable risk.
Volume (Year): XI (2011)
Issue (Month): 1 (May)
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