Defined contribution pension plans : mutual fund asset allocation changes

• Main Authors: Sialm, Clemens, Starks, Laura, Zhang, Hanjiang
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2015
• Subjects: DRNTU::Business::Finance::Asset allocation
• Online Access: https://hdl.handle.net/10356/105694; http://hdl.handle.net/10220/26031
• Institution: Nanyang Technological University

In this paper we compare changes in asset allocations between mutual funds held in defined contribution pension plans and funds held by other investors. We investigate how flows into equity and fixed income mutual funds depend on macroeconomic conditions. We find that defined contribution plans reac...