IDEAS home Printed from https://ideas.repec.org/a/spt/apfiba/v16y2026i4f16_4_4.html

Strategic Asset Allocation, Risk, and Long-Term Performance of a Pension Fund: Evidence from Kosovo

Author

Listed:
  • Klesta Qehaja

Abstract

This study examines the Kosovo Pension Savings Trust (KPST) as a long-term institutional investor operating within an emerging financial system. The paper analyzes the institutional framework, governance structure, and investment philosophy of the fund, and evaluates its evolution in terms of asset growth, contributor accumulation, and structural transformation. Particular attention is given to long-term investment outcomes, including portfolio performance, stability, and resilience during periods of market stress. The analysis further investigates institutional constraints, regulatory influences, and strategic asset allocation discipline, highlighting how governance and risk tolerance shape investment behavior. Beyond portfolio performance, the study evaluates the broader economic role of the pension fund, including its contribution to capital market development, international diversification, and long-term savings transformation. The findings suggest that strong governance, disciplined strategic allocation, and long-term investment orientation are key determinants of institutional performance and financial stability in emerging economies. JEL classification numbers: G11, G23, E22, O16.

Suggested Citation

  • Klesta Qehaja, 2026. "Strategic Asset Allocation, Risk, and Long-Term Performance of a Pension Fund: Evidence from Kosovo," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 16(4), pages 1-4.
    • Handle: RePEc:spt:apfiba:v:16:y:2026:i:4:f:16_4_4
    as

    Download full text from publisher

    File URL: http://www.scienpress.com/Upload/JAFB%2fVol%2016_4_4.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spt:apfiba:v:16:y:2026:i:4:f:16_4_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Eleftherios Spyromitros-Xioufis (email available below). General contact details of provider: http://www.scienpress.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.