Economic Rationales for Defined Contribution Investment Solutions: All We Need To Know
Tuesday 13 July 2010 at 18:00
Staple Inn
Dr. Yumeng Zhang
The paper is devoted to conduct a comprehensive review of the economic rationales we need to consider when designing investment strategies for a DC pension plan, such as equity mean reversion, fixed vs dynamic asset allocation, annuity risk matching, human capital, as well as touching on some of the behavioural features of DC plan members.
Recently, there have been some innovative ideas around DC investment solutions in both growth and pre-retirement phases. However, it is surprising that there have been no researchers using historic market data to compare the performance of different strategies. The author is therefore motivated to produce some backtests as well in the paper, on different types of DC investment solutions.
Papers
This meeting is related to one or more papers. To view a paper, select the link below.
Economic Rationales for Defined Contribution Investment Solutions: All We Need To know by Zhang, Yumeng (13 July 2010)