The Research On The Asset Allocation Of Pension Funds

Currently, China's pension fund system is under great pressure from aging of population. As the reform of China's pension fund system developed further, accumulated pension funds are taking an increasing proportion. So, the hedge and increment of pension funds are placed more emphasis on.At the beginning, this paper reviewed the development of asset allocation theory, and showed the importance of asset allocation policy to the operation of pension funds. Then, the paper analyzed all the kinds of assets that can be allocated in pension funds.The paper used international comparison to analyze asset allocation policy and regulation in some developed and developing countries. For the asset allocation policy, the paper reviewed three major stage of the development of asset allocation policy in pension funds. Then the paper compared and analyzed current status of pension fund asset allocation in some typical countries, and made a risk-return analysis. For the asset allocation regulation, the paper compared and analyzed"quantitative regulation"and...