Influencing Retirement Saving: Smart Beta in Defined Contribution Default Options
| Autor: | Marco Corsi, Manuela Sperandeo, Sara Shores |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
010407 polymers
050208 finance business.industry Strategy and Management 05 social sciences Public sector Globe Context (language use) Index fund Investment (macroeconomics) 01 natural sciences 0104 chemical sciences Test (assessment) medicine.anatomical_structure Management of Technology and Innovation Phenomenon 0502 economics and business medicine Smart beta business Finance Industrial organization |
| Zdroj: | The Journal of Index Investing. 7:25-34 |
| ISSN: | 2374-135X 2154-7238 |
| Popis: | The shift to defined contribution (DC) plans as a primary retirement vehicle is increasingly a global phenomenon. A trend that originated in the corporate and tax-exempt marketplaces, it is now carrying over to the public sector across the globe. In this article, the authors look at one of the most profound innovations in index investing, smart beta, and analyze exactly what features of this new family of strategies could make them a viable improvement for default DC options. They then introduce examples of strategies that aim to achieve predefined investment outcomes and explore ways to implement them in traditional multi-asset portfolios. They test this by using existing smart beta indexes in the context of a traditional lifestyle fund, where market-capitalization indexes are replaced with smart beta indexes on predefined allocations. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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