Pension Funds and Emerging Markets

No 2004/181, IMF Working Papers from International Monetary Fund

Abstract: This paper focuses on the investment behavior of pension funds in developed and emerging market countries. First, it analyzes the main determinants of the emerging market asset allocation of pension funds in developed countries. Second, it assesses how pension funds in emerging markets have contributed to the development of local securities markets. Third, it analyzes the determinants of pension funds' investment performance. The paper concludes with a discussion of why the emerging market asset allocation of pension funds in developed countries is likely to increase and what the challenges faced by pension funds in emerging markets are.

Keywords: WP; asset; portfolio; return; emerging market; Pension funds; emerging markets; asset allocation; regulation; asset class; portfolio diversification; investment decision; asset allocation to emerging market equities; emerging market investment; bias portfolio allocation; allocation to emerging market equities; asset allocation of pension funds; plan assets; pension portfolio; managed assets; emerging market equities; Pension spending; Emerging and frontier financial markets; Securities markets; Pensions; Europe; Eastern Europe; Asia and Pacific; Global (search for similar items in EconPapers)
Pages: 30
Date: 2004-09-01
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Citations: View citations in EconPapers (19)

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