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The role of financial conditions in portfolio choices : the case of insurers
Ge, Shan; Weisbach, Michael S. - 2019
investors' financial conditions affect the management of their portfolios? We address this issue using the insurance industry …
Persistent link: https://www.econbiz.de/10012104637
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Insurers’ Investment Strategies : Pro- or Countercyclical?
Fache Rousová, Linda; Giuzio, Margherita - 2021
Traditionally, insurers are seen as stabilisers of financial markets that act countercyclically by buying assets whose price falls. Recent studies challenge this view by providing empirical evidence of procyclicality. This paper sheds new light on the underlying reasons for these opposing views....
Persistent link: https://www.econbiz.de/10013315359
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Private Equity : Viable Alternative Investment or Empty Promise?
Institute, Brandes - 2015
discussed the pros and cons of private equity and whether the investment class is a viable alternative.While some Board members … of key issues questioning its viability.Ultimately, like any other investment, pros and cons should be weighed according …
Persistent link: https://www.econbiz.de/10013009964
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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
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Death, Taxes and Short-Term Underperformance : Emerging Market Funds
Institute, Brandes - 2015
Over the years, Institute research has shown active managers, even the best-performing ones, suffered periods of weak returns relative to benchmarks and their peers. But underperformance, up to three years, had relatively little impact on the best-performing funds' ability to deliver success...
Persistent link: https://www.econbiz.de/10013015175
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InvestorLit Research : Behavioral Finance and Investment Management
Institute, Brandes - 2015
InvestorLit is a subscription service providing reviews of institutional investment literature. The reviews cover a … wide range of investment topics and are published online. Bruce Grantier, founder of InvestorLit, is a member of the … pieces. The opinions expressed here are those of InvestorLit.Behavioral Finance and Investment Management, a 180-page book …
Persistent link: https://www.econbiz.de/10013009939
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Broad Is the New Narrow : How Passive Investing Creates Concentrated Portfolios
Institute, Brandes - 2015
investment in emerging markets is greater than that in developed markets, reflecting vast opportunity. Yet, the indices (and ETFs …
Persistent link: https://www.econbiz.de/10013010019
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Cyclical investment behavior across financial institutions
Timmer, Yannick - 2018
This paper contrasts the investment behavior of different financial institutions in debt securities as a response to … Statistics. Banks and investment funds respond in a pro-cyclical manner to past security-specific holding period returns. In … contrast, insurance companies and pension funds act counter-cyclically; they buy when returns have been negative and sell after …
Persistent link: https://www.econbiz.de/10011978714
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A New Strategy to Guarantee Retirement Income Using Tips and Longevity Insurance : A Second Look
Haensly, Paul J. - 2015
Shankar (2009) proposes a new investment strategy for retirees that bundles Treasury Inflation Protected Securities …
Persistent link: https://www.econbiz.de/10013026710
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Intergenerational Effects of Guaranteed Pension Contracts
Døskeland, Trond; Nordahl, Helge - 2007
In this paper we show that there exist an intergenerational cross-subsidization effect in guaranteed interest rate life and pension contracts as the different generations partially share the same reserves. Early generations build up bonus reserves, which are left with the company at expiry of...
Persistent link: https://www.econbiz.de/10014026298