Pension Fund Investment from Ageing to Emerging Markets

Bernhard Fischer and Helmut Reisen

No 9, OECD Development Centre Policy Briefs from OECD Publishing

Abstract: • The rapid ageing of populations in the rich economies can be expected to stimulate strong growth in private funded pensions, providing a massive potential of foreign finance for developing countries. • Pension managers can reap big diversification benefits by investing on the emerging stock markets of the younger economies, benefits which are largely unexploited so far. • The authorities in OECD countries should consider removing regulatory constraints imposed on pension assets that deprive retirees from the pension-improving benefits of global diversification. • Policy makers in developing countries should design policies that reassure institutional investors on default risk and stock market illiquidity, if they want to tap a higher share of OECD pension assets.

Date: 1995-01-01
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://doi.org/10.1787/167164365404 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oec:devaab:9-en

Access Statistics for this paper

More papers in OECD Development Centre Policy Briefs from OECD Publishing Contact information at EDIRC.
Bibliographic data for series maintained by ().