Pension Funds and Emerging Markets

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 contribu...

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Bibliographic Details
Main Author: Chan-Lau, Jorge
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2004
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Pension Funds and Emerging Markets  |c Jorge Chan-Lau 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2004 
300 |a 30 pages 
651 4 |a United States 
653 |a Institutional Investors 
653 |a Private Pensions 
653 |a Pension Funds 
653 |a Asset allocation 
653 |a Pension spending 
653 |a Finance 
653 |a Social Security and Public Pensions 
653 |a Nonwage Labor Costs and Benefits 
653 |a Financial Instruments 
653 |a Capital market 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a Asset and liability management 
653 |a Labor 
653 |a International Financial Markets 
653 |a Expenditure 
653 |a Non-bank Financial Institutions 
653 |a Financial markets 
653 |a Emerging and frontier financial markets 
653 |a Asset-liability management 
653 |a Pensions 
653 |a Financial services industry 
653 |a Financial Risk Management 
653 |a Public Finance 
653 |a Finance: General 
653 |a Securities markets 
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989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
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520 |a 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