Pension fund management and international investment – A global perspective
Pension fund management and international investment – A global perspective
复制标题
养老基金管理和国际投资——全球视角
DOI：
10.1057/palgrave.pm.5940293
复制
发表时间：
2005
期刊：
影响因子：
--
通讯作者：
W. London
中科院分区：
文献类型：
--
作者：
E. Davis;W. London
本文1旨在阐明国际投资在养恤基金投资战略中的作用。2它借鉴了经济合作与发展组织（经合组织）国家和选定的新兴市场经济体（新兴市场经济体）的经验，这些国家已经建立了基金养恤金制度。它从经验上审视了国际投资的各个方面、国内和国际资产收益以及两个政策问题-即支持和反对限制国际投资的养恤基金投资组合条例的论点，以及老龄化对今后几十年资本流动和资产价格的影响。
This paper1seeks to clarify the role of international investment in pension fund investment strategies.2It draws on experience of Organisation for Economic Cooperation and Development (OECD) countries and of selected emerging market economies (EMEs) with established funded pension systems. It looks at aspects of international investment, empirically, at domestic and international asset returns of the returns and two policy issues – namely arguments for and against pension fund portfolio regulations limiting international investment and the implications for capital flows and asset prices of ageing in the coming decades.