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Modelling Pension Fund Investment Behaviour (Routledge Revivals)

Modelling Pension Fund Investment Behaviour (Routledge Revivals)

Hardcover

Series: Routledge Revivals

Investing & FinancePersonal Finance

ISBN10: 1138018570
ISBN13: 9781138018570
Publisher: Routledge
Published: Jun 30 2014
Pages: 306
Weight: 1.11
Height: 0.75 Width: 5.50 Depth: 8.50
Language: English

First published in 1992, this title conducts an in-depth examination of the investment behaviour of pension funds, presenting the first econometric model in this area. Using the well-established framework of modern portfolio theory, David Blake derives a model of optimal portfolio behaviour that explains pension fund asset holdings in terms of the most important macroeconomic and cyclical indicators. He shows how factors such as industry profitability, the balance of payments and the monetary and fiscal policies of the government influence pension fund investments. Broad in scope, this reissue will be of particular value to students and academics with an interest in econometrics, investment analysis and the pension fund industry.

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