Pension Funds and Emerging Markets

30 Pages Posted: 18 Oct 2004

See all articles by Jorge A. Chan-Lau

Jorge A. Chan-Lau

International Monetary Fund (IMF) - International Capital Markets Department; National University of Singapore (NUS) - Risk Management Institute; Tufts University - Fletcher School of Law and Diplomacy

Multiple version iconThere are 2 versions of this paper

Date Written: September 2004

Abstract

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.

Keywords: Pension funds, emerging markets, asset allocation, regulation

JEL Classification: G23

Suggested Citation

Chan-Lau, Jorge Antonio, Pension Funds and Emerging Markets (September 2004). IMF Working Paper No. 04/181. Available at SSRN: https://ssrn.com/abstract=605884 or http://dx.doi.org/10.2139/ssrn.605884

Jorge Antonio Chan-Lau (Contact Author)

International Monetary Fund (IMF) - International Capital Markets Department ( email )

700 19th Street NW
Washington, DC 20431
United States

National University of Singapore (NUS) - Risk Management Institute ( email )

21 Heng Mui Keng Terrace
Level 4
Singapore, 119613
Singapore

Tufts University - Fletcher School of Law and Diplomacy ( email )

160 Packard Ave
Medford, MA 02155
United States

HOME PAGE: http://fletcher.tufts.edu/ceme/index.shtml

Register to save articles to
your library

Register

Paper statistics

Downloads
406
Abstract Views
1,960
rank
66,793
PlumX Metrics