Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 20 August 2019

Abstract and Keywords

The purpose of this article is to analyse the investment-management process of funds invested in pension schemes. It focuses particularly on measuring the performance of investment returns earned by pension funds. Although investment performance is considered within a global context, in fact only a small number of countries have sizeable funded pension schemes. The article shows the stock of pension assets for major developed countries in 1996. The United States, UK, and the Netherlands have large amounts of pension-fund assets relative to GDP in their economies, reflecting the importance of funded schemes in these countries. The article discusses the investment-management industry in general, and explains how it relates to the pensions-management industry. It then explains the measurement of investment returns, and introduces a number of risk-adjusted performance measures.

Keywords: pension fund, investment performance, pension schemes, GDP, United States

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.