IDEAS home Printed from https://ideas.repec.org/p/bbv/wpaper/1027.html
   My bibliography  Save this paper

Multifondos en el sistema de pensiones en Chile

Author

Listed:
  • Soledad Hormazabal

Abstract

El presente trabajo describe la evolucion del esquema de multifondos en Chile, asi como sus principales caracteristicas y resultados. Se realizan ejercicios de simulacion con el objeto de modelar la dinamica de retornos y volatilidades de los distintos tipos de fondos de pensiones chilenos para un horizonte de 50 años. Se encuentra que la tendencia de los rendimientos es creciente y que la rentabilidad promedio esperada de los fondos de pensiones es superior conforme se incrementa el porcentaje invertido en renta variable, sin embargo la volatilidad de esta tambien es superior. El considerable premio por riesgo asociado a la inversion accionaria justificaria la adopcion de un riesgo superior cuando el horizonte de inversion es largo, lo cual no significa que el riesgo se acota con el tiempo, sino que la volatilidad de los activos de renta variable haria presuponer que se presentaran periodos de salida materializando rentabilidades interesantes.

Suggested Citation

  • Soledad Hormazabal, 2010. "Multifondos en el sistema de pensiones en Chile," Working Papers 1027, BBVA Bank, Economic Research Department.
    • Handle: RePEc:bbv:wpaper:1027
    as

    Download full text from publisher

    File URL: https://www.bbvaresearch.com/wp-content/uploads/migrados/WP_1027_tcm346-237401.pdf
    Download Restriction: no
    ---><---

    More about this item

    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:bbv:wpaper:1027. 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: OSCAR DE LAS PENAS SANCHEZ-CARO (email available below). General contact details of provider: https://edirc.repec.org/data/ebbvaes.html .

    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.