Q:
退休基金與共同基金的論證?
A:
退休資產在共同基金中更為重要：退休基金的成長→共同基金成長
引起共同基金退休帳戶成長的原因？
1.人口轉型:人口老化和嬰兒朝
2.過去十年內,給付確定型計畫(DB計畫)轉變為提撥確定型計畫(DC計畫,尤其指401K計畫)
＊DB計畫轉變為DC計畫的原因
(1)聯邦法律和規定,增加了DB計畫的成本和複雜性
(2)人口轉型使得DB計畫對於員工較不具有吸引力
(3)美國股市在1970.1980(熊市)到1990(牛市)年代績效的改變--詳細原因見p353
＊401(k)計畫的成長是共同基金產業快速成長的一個關鍵因素
Mutual fund complexes provided an array of products and services that were
attractive to plan sponsors and participants in a retail-like context.
(1)Mutual funds are valued at the end of every business day and may redeemed
at that time.
(2)Mutual fund complexes offer a broad array of product choices.
(3)Mutual fund sponsors were used to applying technology to service large
numbers of individual accounts.
(4)There is a historical connection between the heavy marketing support of
IRAs by fund sponsors during the early 1980s and the participant
preference for mutual I funds in 401(k) plans during the late 1980s.
3.個人退休帳戶(IRAs)的成長刺激共同基金產業的成長
＊個人退休帳戶(IRAs)的成長是共同基金產業快速成長的一個關鍵因素
Mutual funds came to dominate the IRA marketplace for reasons that are
similar to the 401(k) marketplace.
(1)IRA holders view the IRA as their own money, they want to control the
investment of their IRA assets by selecting particular mutual funds
they like.
(2)The broad range of investments available under a mutual fund IRA -
particularly equity investments.
(3)The IRA is very much a retail account since no employer or other
institution is involves.
(4)The success of mutual funds in the 401(k) marketplace strengthens the
dominance of mutual funds in the IRA marketplace
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作者: chihqi (我是一個笨呆呆) 看板: CCUfinGrad91
標題: Re: [公告] 基金管理第八章整理
時間: Tue Jan 6 19:33:20 2004
這一章只有提到:
退休基金在共同基金扮演的角色越來越重要
而使得退休基金的成長導致共同基金成長之間的關係
並未提到退休基金與共同基金間的異同
所以盡量大概就是這樣整理了
還有因為我沒有大家的信箱所以就po在板上
如果有需要的話同學之間就互相告訴一下吧
至於英文的部分是我沒有放上去還有佳燕的部分
因此就不翻譯了...sorry啦 ^^;
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