Working Papers, Hanken School of Economics
No 509:
Swedish Premium Pension Funds: Attributes and Performance
Benny Jern ()
Abstract: This study investigates the relationship between fund
attributes and performance. The focus is on funds available in the Swedish
Premium Pension system (PPM-funds). The aim has been to investigate whether
administration fees, manager tenure or past performance are of importance
for pension savers when they pick their PPM-funds. The results indicate
that high fees are a disadvantage to pension savers investing in bond funds
but not to those investing in stock funds. Manager tenure has no
relationship with performance. There is evidence of performance persistency
in most of the investigated fund categories.
Keywords: Mutual funds; Sweden; Premium pension; PPM; Attributes and performance; (follow links to similar papers)
15 pages, May 19, 2005
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