公共养老储备基金资产配置比较研究与启示——基于挪威、法国、爱尔兰、新西兰四国公共养老储备基金比较分析

发布时间：2018-02-10 20:36

本文关键词： 养老储备基金资产配置全国社会保障基金　出处：《社会保障研究》2014年03期 　论文类型：期刊论文

【摘要】：公共养老储备基金的资产配置策略是以储备基金的营运目标为导向制定的。设定基准投资组合、分散化的全球资产配置、重视新兴市场与社会责任投资、再平衡策略与动态资产配置策略并重等成为近年来各国共公告养老储备基金资产配置的主要特征。基于全国社会保障基金的投资实践,文章提出了制定差异化的资产配置策略以实现不同阶段目标,投资监管模式和资产配置策略同步创新以实现投资监管与投资实践良性互动,加快资产配置策略的全球布局以实现区域经济套利和人口红利套利,注重储备基金的责任投资导向、凸显养老金绿色投资功能的改革建议。
[Abstract]:The asset allocation strategy of the public pension fund is based on the operational objectives of the reserve fund. It sets the benchmark portfolio, decentralizes global asset allocation, and attaches importance to emerging markets and socially responsible investments. In recent years, rebalancing strategy and dynamic asset allocation strategy have become the main characteristics of asset allocation of pension fund, based on the investment practice of national social security fund. In this paper, the author puts forward a differentiated asset allocation strategy to achieve the objectives in different stages. The investment supervision model and asset allocation strategy are innovated simultaneously in order to realize the positive interaction between investment supervision and investment practice. Accelerate the global distribution of asset allocation strategy to realize regional economic arbitrage and demographic dividend arbitrage, pay attention to the responsibility investment direction of reserve fund, highlight the reform proposal of pension green investment function.
【作者单位】：西南财经大学保险与社会保障研究中心;
【基金】：2012年国家社科基金一般项目“养老基金投资基础设施投资策略及其风险控制研究”(12BJY167) 西南财经大学中央高校基本科研创新团队基金资助
【分类号】：F841

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