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Investor Sophistication and Target-Date Fund Investing

Guillemette, Michael - 2019

The Pension Protection Act of 2006 identified target-date funds as an appropriate default investment for defined contribution retirement plans. Using the 2009 National Financial Capability Study, this paper examines the relation between investor sophistication and the decision to primarily...

Persistent link: https://www.econbiz.de/10012904328

Real World Index Annuity Returns

Babbel, David F. - 2011

• We offer the first empirical exploration of fixed indexed annuity returns based upon actual contracts that were sold and actual interest that was credited.• Annuity returns have been competitive with alternative portfolios of stocks and bonds.• Their design has limited the downside...

Persistent link: https://www.econbiz.de/10013134310

The Impact of Timing of Retirement Plan Contributions on Investment Returns

Dvorak, Tomas - 2011

This paper examines the impact of the timing of contributions to defined benefit (DB) and defined contribution (DC) plans on investment returns. I show that net contributions to DB plans are counter-cyclical, while net contributions to DC plans are uncorrelated with the business cycle. The...

Persistent link: https://www.econbiz.de/10013120439

Stable Value Funds : Performance from 1973 Through 2008

Babbel, David F. - 2009

There is a paucity of academic literature on stable value funds, although they occupy such a prominent place among retirement investment vehicles. They are offered in roughly one half of all defined contribution plans in the USA, with over $640 billion dollars worth of assets under management....

Persistent link: https://www.econbiz.de/10013156624

The impact of fees on the return of the second pension pillar in Romania

Dumitrescu, Bogdan; Hândoreanu, Cătălina Adriana - In: Financial studies 25 (2021) 1, pp. 65-77

Setting an adequate level for the fees charged by pension fund administrators is a key design element for policymakers when establishing a second pension pillar. A proper balance between the interest of future pensioners and the ones of administrators is required, but an optimal level of fees is...

Persistent link: https://www.econbiz.de/10012664493

Stable value funds : performance to date

Babbel, David F.; Herce, Miguel A. - 2011

Little in the scholarly economics literature is directed specifically to stable value funds, although they occupy a leading place among retirement investment vehicles. They are offered in almost half of all defined contribution plans in the USA, with more than $800 billion dollars worth of...

Persistent link: https://www.econbiz.de/10011893025

An Overview of Equity Real Estate Investment Trusts (REITs) : 1993-2009

Feng, Zhilan - 2011

This study documents the publicly traded equity Real Estate Investment Trust (REIT) universe during the modern REIT era (early 1990s through the present). We show the growth and consolidation of the industry, changes in property type focus, increases in institutional ownership, and the growth of...

Persistent link: https://www.econbiz.de/10013131321

The Exclamation Mark of Cain : Risk Salience and Mutual Fund Flows

Mugerman, Yevgeny - 2020

We study a regulation that increased mutual funds' risk salience through name change. Using daily fund flow data and several identification strategies, we find that requiring certain fixed income mutual funds to affix an exclamation mark ("!") to their names caused a statistically and...

Persistent link: https://www.econbiz.de/10012850685

Long-term Investors, Demand Shifts, and Yields

Jansen, Kristy A.E - 2021

In this study, I use detailed data on bond and derivative positions of pension funds and insurance companies (P&Is) in the Netherlands to study demand shifts and their direct effect on yields. In particular, I exploit a change in the regulatory discount curve that made the liabilities more...

Persistent link: https://www.econbiz.de/10013216390

Swiss pension funds : funding ratio, discount rate, and asset allocation

Schäublin, Jorma J. - In: Swiss journal of economics and statistics 158 (2022) 1, pp. 1-23

resurrection. The findings question the funding ratio as a transparent measure for pensions' sustainability and unfold the …The funding ratio is a financial indicator to measure the viability of pension funds. The paper analyzes how Swiss … occupational pension funds' technical discount rate and asset allocation are related to the funding ratio. The paper shows that …

Persistent link: https://www.econbiz.de/10013269807

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