quick Service


Research Papers
A Study of the Performance Evaluation of National Pension Fund¡¯s External Management of Domestic Equity Investments
Part NPRI Date 2013/07/24 Hits 829

A Study of the Performance Evaluation of National Pension Fund¡¯s External Management of Domestic Equity Investments

 

Contents

 

I. Introduction

 

II. Literature Review

 

III. Current status of External Management of the National Pension Fund

 

IV. Data and Performance Evaluation Measures

 1. Data

 2. Performance Evaluation Models (The Carhart four-factor model)

 

V. Performance Analysis of the NPF¡¯s Externally Managed Domestic Equity Investments
 1. Risk decomposition of externally managed domestic equity investments.

 2. Evaluation of active external management of domestic equity investments using risk-factor model.

 3. The distinction between in-house and external management of domestic equity investments

 

VI. Performance Analysis of NPF¡¯s domestic equity investments by external funds type

 1. Analysis of stock selection ability

 2. Market Timing Ability Analysis

 

VII. Conclusion and Implications

Prev
2012 National Pension Statistics : Silver Book  
Next
National Pension Fund Management Performance Evaluation YEAR 2011