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Performance of Pension Funds and Stable Growth Open Investment Funds During the Changes in the Polish Retirement System

Object's details: Performance of Pension Funds and Stable Growth Open Investment Funds During the Changes in the Polish Retirement System

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Provider:Akademicka Platforma Czasopism

Description

Title:
Performance of Pension Funds and Stable Growth Open Investment Funds During the Changes in the Polish Retirement System
Creator:
Kompa, Krzysztof;
Witkowska, Dorota
Description:
The conditions of the pension funds (OFE) functioning were essentially changed in the years 2011–2014. The aim of the paper is to find out if these modifications influence the efficiency of the pension funds and to compare the performance of these funds to stable growth open investment funds (FIO). The analysis is provided for selected funds in the years 2009–2015. We conclude that in the examined period, OFE performed better than FIO, and the modifications of the rules for the pension funds caused the increase of risk and decrease of investment efficiency of these funds’ portfolios.
Object availability:
free access
Rights:
Prawa autorskie (c) 2016 Dynamic Econometric Models
Date:
2016.12.29
Type:
info:eu-repo/semantics/article;
info:eu-repo/semantics/publishedVersion
Language:
English
Source:
Dynamic Econometric Models; Vol. 16 (2016); 117-131;
Dynamic Econometric Models; Tom 16 (2016); 117-131;
2450-7067;
1234-3862
Format:
application/pdf
Publisher:
Nicolaus Copernicus University
Relation: https://apcz.umk.pl/DEM/article/view/DEM.2016.007/10728
Subject:
pension funds;
stable growth open investment funds;
investment efficiency;
Sharpe model;
CAPM;
Sharpe;
Treynor and Jensen ratios.;
G11;
C12.
Identifier: https://apcz.umk.pl/DEM/article/view/DEM.2016.007
Data provider:
Akademicka Platforma Czasopism

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