IDEAS home Printed from https://ideas.repec.org/p/col/000094/004598.html
   My bibliography  Save this paper

Administración de fondos de pensiones y multifondos en Colombia

Author

Listed:
  • Alejandro Reveiz

    ()

  • Carlos León

    ()

Abstract

Este documento evalúa la regulación vigente relacionada con la inversión de losrecursos de los Fondos de Pensiones Obligatorios (FPO), para lo cual se analiza el perfilde eficiencia del sistema dadas sus actuales restricciones. De acuerdo con los resultadosobtenidos, se observa que el marco regulatorio de las inversiones de los FPO restringenel retorno esperado y hace que los administradores de portafolios no accedan a nivelessuperiores de retorno por unidad de riesgo con mayores beneficios de diversificación.Las propuestas apuntan hacia la flexibilización de las restricciones a las inversiones y asu adecuación al perfil de riesgo de los cotizantes, utilizando para ello el esquema demultifondos implementado en otros países de la región.

Suggested Citation

  • Alejandro Reveiz & Carlos León, 2008. "Administración de fondos de pensiones y multifondos en Colombia," BORRADORES DE ECONOMIA 004598, BANCO DE LA REPÚBLICA.
  • Handle: RePEc:col:000094:004598
    as

    Download full text from publisher

    File URL: http://www.banrep.gov.co/docum/ftp/borra506.pdf
    Download Restriction: no

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alejandro Reveiz & Carlos Eduardo León, 2008. "Efficient Portfolio Optimization in the Wealth Creation and Maximum Drawdown Space," BORRADORES DE ECONOMIA 004732, BANCO DE LA REPÚBLICA.
    2. Carlos Leon & Juan Mario Laserna, 2008. "Asignación Estratégica de Activos para Fondos de Pensiones Obligatorias en Colombia: Un Enfoque Alternativo," Borradores de Economia 523, Banco de la Republica de Colombia.
    3. Carlos Alberto Soto Quintero & Alejandra Arboleda Bedoya & Juan Carlos Gutiérrez Betancur, 2012. "Trayectorias óptimas de inversión durante el ciclo de vida en un sistema de multifondos," DOCUMENTOS DE TRABAJO CIEF 010713, UNIVERSIDAD EAFIT.
    4. Javier Alonso & Carlos Herrera & Claudia Llanes Valenzuela & David Tuesta, 2010. "Simulations of long-term returns and replacement rates in the Colombian pension system," Working Papers 1029, BBVA Bank, Economic Research Department.

    More about this item

    Keywords

    Regulación de los Fondos de Pensiones Obligatorios; FronterasEficientes; Multifondos; Portafolio de Referencia.AbstractPerforming an efficiency profile analysis of the system and its;

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • 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

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:col:000094:004598. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Clorith Angélica Bahos Olivera). General contact details of provider: .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.