Asset Allocation

FAST Record ID: 
fst00819049

Report

30 Jun 2017

Third in a series of papers on the role of Sovereign Funds (SFs) in the Pacific Islands, this report suggests a 'reference portfolio' approach as a benchmark governance choice for Pacific Island funds

Report

30 Jun 2017

This report summarises the research that has been undertaken on Sovereign Funds in the Pacific and draws out key findings, lessons and opportunities for funds to move closer to “best practice”.

Report

9 Nov 2016

Sovereign Funds (SFs) are often the largest single asset owner and investor in the Pacific Islands, and the income stream from these funds can also be a large part of fiscal revenues.

Working paper

30 Oct 2016

The management of capacity is considered from the perspective of institutional asset owners. How capacity differs across asset classes is outlined. Investment strategies that offer greater capacity are identified. A discussion of capacity management for multi-asset portfolios highlights how asset owners should manage investments according...

Working paper

14 Sep 2016

Superannuation fees have come under public scrutiny in recent years with the belief that many are set too high. This report focuses on a sample of Australian superannuation funds to gain a better understanding of the factors that influences the fees that they charge. We...

Working paper

26 Jul 2016

There is considerable debate about the size of fees charged by superannuation funds. This paper investigates both investment fees and administration fees and shows that there are economically valid reasons why most investment fees are set at their current level. Our results show that on...

Working paper

3 Jun 2016

A study of market bubbles is generally considered a test of market eciency (or ineciency) since bubbles are concerned with rising prices that are detached from their fundamental values. Verifying the existence of such an ineciency requires us to be able to appropriately formulate fundamental...

Working paper

10 Aug 2014

We explore the conditions under which a financial asset emerges as a global store of value and can co-exist with a pre-existing (incumbent) store of value. In our model the acceptability of an asset as a global store is driven by the issuing region’s financial...

Working paper

13 Dec 2012

Luxury bequests impart systematic e ects of age to an investor's optimal allocation: the expected percentage allocation to equities rises throughout retirement. When bequests are luxuries the marginal utility of bequests declines more slowly than the marginal utility of consumption. This is essentially lower risk...