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.

Sprache
Englisch

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

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

Ereignis
Geistige Schöpfung
(wer)
Ammann, Manuel
Zingg, Andreas
Ereignis
Veröffentlichung
(wer)
Springer
(wo)
Heidelberg
(wann)
2008

DOI
doi:10.1007/BF03399252
Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Ammann, Manuel
  • Zingg, Andreas
  • Springer

Entstanden

  • 2008

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