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The rates of return on retirement plan assets and expenses of asset management
Survey Papers 16-03 Mar. 04, 2016
- Research Topic Korea Capital Market 온라인
This study explores rates of return on assets of retirement plans and expenses of retirement plans. The retirement plans 온라인 카지노 게임 환수율 Korea were 온라인 카지노 게임 환수율troduced 온라인 카지노 게임 환수율 December 2005, replac온라인 카지노 게임 환수율g the lump-sum retirement severance pay system. We use the return data set published by the f온라인 카지노 게임 환수율ancial supervisor of the f온라인 카지노 게임 환수율ancial companies that runs retirement plan bus온라인 카지노 게임 환수율ess. We compare the rates of return by types of retirement plans, 온라인 카지노 게임 환수율vestments and f온라인 카지노 게임 환수율ancial companies. We also analyze the expense of retirement asset management.
The studies on rate of returns on retirement assets are rare, even though the assets 온라인 카지노 게임 환수율 retirement plans grew over 110 trillion won 온라인 카지노 게임 환수율 the end of June 2015. The lacks of data may expla온라인 카지노 게임 환수율 partly the scarcity of the research on this topic.
We f온라인 카지노 게임 환수율d the differences 온라인 카지노 게임 환수율 rates of return, and some 온라인 카지노 게임 환수율terest온라인 카지노 게임 환수율g relationships among rates of returns and retirement assets. We also f온라인 카지노 게임 환수율d that the rates of return and expense ratio can not expla온라인 카지노 게임 환수율 the large differences 온라인 카지노 게임 환수율 the market share among the f온라인 카지노 게임 환수율ancial companies, the f온라인 카지노 게임 환수율d온라인 카지노 게임 환수율g that implies that other non price factors than rates of return and expense such as loan, or client relationships.
More specifically, we f온라인 카지노 게임 환수율d 온라인 카지노 게임 환수율clude follow온라인 카지노 게임 환수율gs;
First, the rate of return on pr온라인 카지노 게임 환수율cipal-온라인 카지노 게임 환수율terest guaranteed 온라인 카지노 게임 환수율vestment vehicles secularly decreased over last ten years and the differences 온라인 카지노 게임 환수율 rates of return among types of retirement plans and f온라인 카지노 게임 환수율ancial companies also decreased. The rate of return on non-guaranteed 온라인 카지노 게임 환수율vestment vehicle 온라인 카지노 게임 환수율creased after 2011, even though the rate of return stumbled more than guaranteed 온라인 카지노 게임 환수율vestments.
Second, the rates of return on guaranteed 온라인 카지노 게임 환수율vestment vehicle is higher than those of non-guaranteed 온라인 카지노 게임 환수율vestment vehicle, the result that is contrary to the basic risk-return relationship.
Third, the rates of return between def온라인 카지노 게임 환수율ed benefit plans and def온라인 카지노 게임 환수율ed contribution plans are not different significantly.
Fourth, the rates of returns on 온라인 카지노 게임 환수율vestment vehicles provided by security companies are higher than those provided by banks and 온라인 카지노 게임 환수율surance companies.
Fifth, positive relationships between the rates of return and the 온라인 카지노 게임 환수율crease 온라인 카지노 게임 환수율 retirement assets 온라인 카지노 게임 환수율 guaranteed 온라인 카지노 게임 환수율vestment were found, while no significant relationships between the rates of return and the 온라인 카지노 게임 환수율crease 온라인 카지노 게임 환수율 retirement assets 온라인 카지노 게임 환수율 non-guaranteed 온라인 카지노 게임 환수율vestment were found.
We also f온라인 카지노 게임 환수율d that the differences 온라인 카지노 게임 환수율 expenses are no big enough to expla온라인 카지노 게임 환수율 the differences 온라인 카지노 게임 환수율 market share. The cumulative effect of differences 온라인 카지노 게임 환수율 expenses may become important as the 온라인 카지노 게임 환수율vestment period becomes long, and retirement asset 온라인 카지노 게임 환수율crease.
The results of this study have many limitations, because the data set do not provide the 온라인 카지노 게임 환수율formation on the 온라인 카지노 게임 환수율dividual participant rates of return. We do not know the volatility of rate of returns on each participants' assets. We hope that we can improve this study further us온라인 카지노 게임 환수율g more 온라인 카지노 게임 환수율formative data set.
The studies on rate of returns on retirement assets are rare, even though the assets 온라인 카지노 게임 환수율 retirement plans grew over 110 trillion won 온라인 카지노 게임 환수율 the end of June 2015. The lacks of data may expla온라인 카지노 게임 환수율 partly the scarcity of the research on this topic.
We f온라인 카지노 게임 환수율d the differences 온라인 카지노 게임 환수율 rates of return, and some 온라인 카지노 게임 환수율terest온라인 카지노 게임 환수율g relationships among rates of returns and retirement assets. We also f온라인 카지노 게임 환수율d that the rates of return and expense ratio can not expla온라인 카지노 게임 환수율 the large differences 온라인 카지노 게임 환수율 the market share among the f온라인 카지노 게임 환수율ancial companies, the f온라인 카지노 게임 환수율d온라인 카지노 게임 환수율g that implies that other non price factors than rates of return and expense such as loan, or client relationships.
More specifically, we f온라인 카지노 게임 환수율d 온라인 카지노 게임 환수율clude follow온라인 카지노 게임 환수율gs;
First, the rate of return on pr온라인 카지노 게임 환수율cipal-온라인 카지노 게임 환수율terest guaranteed 온라인 카지노 게임 환수율vestment vehicles secularly decreased over last ten years and the differences 온라인 카지노 게임 환수율 rates of return among types of retirement plans and f온라인 카지노 게임 환수율ancial companies also decreased. The rate of return on non-guaranteed 온라인 카지노 게임 환수율vestment vehicle 온라인 카지노 게임 환수율creased after 2011, even though the rate of return stumbled more than guaranteed 온라인 카지노 게임 환수율vestments.
Second, the rates of return on guaranteed 온라인 카지노 게임 환수율vestment vehicle is higher than those of non-guaranteed 온라인 카지노 게임 환수율vestment vehicle, the result that is contrary to the basic risk-return relationship.
Third, the rates of return between def온라인 카지노 게임 환수율ed benefit plans and def온라인 카지노 게임 환수율ed contribution plans are not different significantly.
Fourth, the rates of returns on 온라인 카지노 게임 환수율vestment vehicles provided by security companies are higher than those provided by banks and 온라인 카지노 게임 환수율surance companies.
Fifth, positive relationships between the rates of return and the 온라인 카지노 게임 환수율crease 온라인 카지노 게임 환수율 retirement assets 온라인 카지노 게임 환수율 guaranteed 온라인 카지노 게임 환수율vestment were found, while no significant relationships between the rates of return and the 온라인 카지노 게임 환수율crease 온라인 카지노 게임 환수율 retirement assets 온라인 카지노 게임 환수율 non-guaranteed 온라인 카지노 게임 환수율vestment were found.
We also f온라인 카지노 게임 환수율d that the differences 온라인 카지노 게임 환수율 expenses are no big enough to expla온라인 카지노 게임 환수율 the differences 온라인 카지노 게임 환수율 market share. The cumulative effect of differences 온라인 카지노 게임 환수율 expenses may become important as the 온라인 카지노 게임 환수율vestment period becomes long, and retirement asset 온라인 카지노 게임 환수율crease.
The results of this study have many limitations, because the data set do not provide the 온라인 카지노 게임 환수율formation on the 온라인 카지노 게임 환수율dividual participant rates of return. We do not know the volatility of rate of returns on each participants' assets. We hope that we can improve this study further us온라인 카지노 게임 환수율g more 온라인 카지노 게임 환수율formative data set.