Scandinavian Working Papers in Economics

Working Papers,
Hanken School of Economics

No 509: Swedish Premium Pension Funds: Attributes and Performance

Benny Jern ()
Additional contact information
Benny Jern: Swedish School of Economics and Business Administration, Postal: P.O.B. 287; FIN 65101 Vasa, Finland

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

15 pages, May 19, 2005

Price: 10

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509-951-555-883-2.pdf PDF-file 

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