Investment Performance of Swiss Pension Funds and Investment Foundations

Artikel

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.

Object Details

• Language: Englisch

References and Relationships

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

Classification and Topics

• 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

Contributors, Places and Time

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

Further information

• DOI: doi:10.1007/BF03399252
• Handle: http://hdl.handle.net/10419/185886
• Last update: 10.03.2025, 11:42 AM CET