Modelling Pension Fund Investment Behaviour (Routledge Revivals)

Download or read book Modelling Pension Fund Investment Behaviour (Routledge Revivals) written by David Blake and published by Routledge. This book was released on 2014-08-01 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.