Template-Type: ReDIF-Article 1.0
Author-Name: Karen A. Tumanyants
Author-Email: tka210@gmail.com
Author-Workplace-Name: Volgograd State University, Volgograd 400062, Russia
Author-Name: Igor  V. Antonenko
Author-Email: igor_antonenko@mail.ru
Author-Workplace-Name: Volgograd State University, Volgograd 400062, Russia
Author-Name: Ljubov V. Antosik
Author-Email: antosik_lv@mail.ru
Author-Workplace-Name: Volgograd State University, Volgograd 400062, Russia
Author-Name: Tatyana V. Shlevkova
Author-Email: brieftat@mail.ru
Author-Workplace-Name: Volgograd State University, Volgograd 400062, Russia
Title: Pension Savings Investments: Government or Private Sector?
Abstract: The article presents the results of a research on  investments performance of the public and private pension funds in six countries. The annual rate of return of the private pension funds is one percentage point higher than of public ones. Risk and return/risk coefficient are approximately equal. Taking into account lower costs under the monopolistic state management of pension funds, the authors come to conclusion that in Russia transfering mandatory pension savings into a common pension fund is the most preferable option. Required conditions of public successful pension investments are justified in the paper as well.
Classification-JEL: G11, G23
Keywords: public pension fund, private pension fund, return, risk, investment, pension savings, asset management
Journal: Finansovyj žhurnal — Financial Journal
Pages: 91-102
Issue: 1
Year: 2017
Month: February
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2017/1/statii_1/fm_2017_1_07.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:170107:p:91-102