The Global Financial Crisis (GFC) of 2008 was a serious economic downturn which affected economies around the world. Like many other areas of investment, pension funds were heavily affected by this crisis. Prior to the GFC, a combination of financial innovation, demand for higher returns, overdependence on ratings agencies and investor complacency increased the severity of the crisis on investors, including those in pensions. As a result of the crisis, we can conclude that there have been changes in the attitudes towards asset management for pension funds. Investors have generally become more conservative when investing, and are placing a greater emphasis on the risk/return profile of investments. In addition, investors have learned that liquidity risk is an important consideration when investing, and that they should always consider the fundamentals of investing when they are making investment decisions. Finally, those investing in pensions should remember that pension investment is a long-term strategy and should not be overly alarmed by an economic downturn such as that of the GFC.
| Identifer | oai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0721111-161551 |
| Date | 21 July 2011 |
| Creators | Prestegar, Trent |
| Contributors | Lin Hsin-Hui, Wang Yong-zhi, Jeng Yih |
| Publisher | NSYSU |
| Source Sets | NSYSU Electronic Thesis and Dissertation Archive |
| Language | English |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0721111-161551 |
| Rights | unrestricted, Copyright information available at source archive |
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