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Czech Pension Funds´ Performance Analysis

By Tomáš Menčík

Abstract

This thesis aims to investigate pension funds'investment behavior in times of a capital markets crisis; to discuss actions taken and changes of an investment policy; and to point out legislative issues. Another topic is a discussion over the contribution of each investment tool to the portfolio performance, and a prediction of the investment policy of pension funds. An important part of this thesis is the analysis of the detailed portfolio of PF Stabilita. The outcome of this paper is not to predict a future developement of capital markets, although a broad prediction for each investment tool is made, but to investigate a reaction of pension funds to the 2008 capital markets turmoils

Topics: penzijní fond; investment policy; investiční strategie; APF; pension funds
Publisher: Vysoká škola ekonomická v Praze
Year: 2009
OAI identifier: oai:invenio.nusl.cz:11122
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