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Comparing Aggregate Investment Returns in Privately Managed Pension Funds: An Initial Assessment

Waldo Tapia

No 21, OECD Working Papers on Insurance and Private Pensions from OECD Publishing

Abstract: This report presents an initial assessment of the financial performance of privately managed pension funds, both mandatory and voluntary, in Latin America and Central and Eastern Europe, as well as selected OECD countries. It provides a comparative description of private pension funds in the 23 countries included in the report, examining the value assets under management, the weight of investments in the economy and the allocation of investments among the various asset categories and financial instruments available. The report also presents a new dataset on the investment performance achieved by the privately managed pension funds, including the annual real rates of return, the annual geometric average of real returns, as well as summary statistics of these returns for all countries for the period for which data is available. Comparer le rendement global des investissements des fonds de pension à gestion privée : première évaluation Ce rapport présente une première évaluation de la performance financière des fonds de pension à gestion privée, tant obligatoires que volontaires, en Amérique latine et centrale et en Europe de l‘Est, ainsi que dans certains pays de l‘OCDE. Il décrit en les comparant les fonds de pension à gestion privée dans les 23 pays considérés, examinant la valeur des actifs sous gestion, le poids des investissements dans l‘économie et la répartition des investissements entre les diverses classes d‘actifs et divers instruments financiers disponibles. Le rapport présente aussi une nouvelle série de données concernant les performances obtenues par les fonds de pension à gestion privée, à savoir notamment taux de rendement annuel réel, moyenne géométrique annuelle des rendements réels, et statistiques succinctes des rendements pour tous les pays sur la période sur laquelle les données sont disponibles.

Keywords: pension fund; investment return; defined benefit; asset allocation; investment regulation; asset valuation; occupational plans; personal plans; defined contribution; pension plan; réglementation des investissements; valorisation des actifs; plans de pension; plans personnels; allocation d'actifs; rendement des investissements; plans professionnels; cotisations définies; prestation définie; fonds de pension (search for similar items in EconPapers)
JEL-codes: G23 G28 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec
Date: 2008-09
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Handle: RePEc:oec:dafaab:21-en