Investment Performance of Voluntary Pension Funds’ Portfolios

Milena Beneva ()
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Milena Beneva: University of Economics - Varna, Varna, Bulgaria

Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, 2023, issue 1, 251-261

Abstract: To ensure adequate retirement income it is usually recommended to save "more and for longer periods". However, this is not enough. Consumers often overlook the importance of long-term returns on retirement investments. At the same time, the Bulgarians award a lower assessment for the market performance of the services "investment products and private personal pensions" compared to the average for the European Union. The present research aims to analyze the investment results of the voluntary pension funds in Bulgaria for the decade, marked by unprecedented low interest rates and pandemic.

Keywords: investment portfolio performance; risk – adjusted return; asset allocation; voluntary pension funds; long-term saving (search for similar items in EconPapers)
JEL-codes: G11 G23 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:suvrna:y:2023:i:1:p:251-261

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