PENSION FUNDS AND ITS PERFORMANCE DURING THE CRISIS 2007 - 2012
DOI:
https://doi.org/10.15381/quipu.v24i45.12470Keywords:
Mortgage crisis, pension system, performance measureAbstract
This article analyzes the performance of pension funds managed by the AFPs operating in Peru, in the years between 2007 and 2012, years characterized by a crisis that raised concern over an important issue for Peruvians in retirement age or close to retirement: the pensions. Such concern is justified when you consider that the savings deposited in pension funds are invested in financial markets affected by the crisis generated in the US market. This paper assesses the risks posed by the financial crisis for pension funds. Evidence obtained show that the portfolio managers of the AFPs take risks even over to those assumed in the Peruvian Stock Market. On the other hand, the performance evaluation management for AFPs shows the absence of a competitive behavior.
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Copyright (c) 2016 Adrián Alejandro Flores Konja, David Juan Sánchez Cruz
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