IMF Working Papers

Pension Funds and Emerging Markets

By Jorge A Chan-Lau

September 1, 2004

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Jorge A Chan-Lau. Pension Funds and Emerging Markets, (USA: International Monetary Fund, 2004) accessed November 21, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Asset allocation, Asset and liability management, Emerging and frontier financial markets, Expenditure, Financial markets, Labor, Pension spending, Pensions, Securities markets

Keywords: Allocation to emerging market equities, Asia and Pacific, Asset, Asset allocation, Asset allocation of pension funds, Asset allocation to emerging market equities, Asset class, Bias portfolio allocation, Eastern Europe, Emerging and frontier financial markets, Emerging market, Emerging market equities, Emerging market investment, Emerging markets, Europe, Global, Investment decision, Managed assets, Pension funds, Pension portfolio, Pension spending, Pensions, Plan assets, Portfolio, Portfolio diversification, Regulation, Return, Securities markets, WP

Publication Details

  • Pages:

    30

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2004/181

  • Stock No:

    WPIEA1812004

  • ISBN:

    9781451859225

  • ISSN:

    1018-5941