Artikel

Investment Performance of Swiss Pension Funds and Investment Foundations

We investigate the performance of domestic and international bond and equity portfolios of Swiss pension funds and investment foundations over the period of 1996 to 2006. We find some indications for superior skills of pension funds in international bond management even net of costs for asset management and fund administration. In contrast, we find a significant net underperformance for domestic bonds, domestic equities and international equities. For investment foundations, we find a significant net underperformance for domestic bonds and international equities, whereas for international bonds and domestic equities the null hypothesis of neither significant out- or underperformance cannot be rejected.

Language
Englisch

Bibliographic citation
Journal: Swiss Journal of Economics and Statistics ; ISSN: 2235-6282 ; Volume: 144 ; Year: 2008 ; Issue: 2 ; Pages: 153-195 ; Heidelberg: Springer

Classification
Wirtschaft
General Financial Markets: General (includes Measurement and Data)
Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors
Subject
Pension funds
investment foundations
Switzerland
performance analysis
investment performance

Event
Geistige Schöpfung
(who)
Ammann, Manuel
Zingg, Andreas
Event
Veröffentlichung
(who)
Springer
(where)
Heidelberg
(when)
2008

DOI
doi:10.1007/BF03399252
Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Artikel

Associated

  • Ammann, Manuel
  • Zingg, Andreas
  • Springer

Time of origin

  • 2008

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