Evidence of active management of private voluntary pension funds in Colombia: a performance analysis using proxy ETFs
The purpose of this study is to find evidence that shows that either active management of private pension funds in Colombia actually adds value to the investors or, on the contrary, investors would achieve better results if they invested in passively managed products such as, for example, an ETF (Ex...
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| Format: | Article |
| Language: | Spanish |
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Universidad ICESI
2010-04-01
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| Series: | Estudios Gerenciales |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S0123592310701108 |
| _version_ | 1818548331231576064 |
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| author | Edgardo Cayón Fallón |
| author_facet | Edgardo Cayón Fallón |
| author_sort | Edgardo Cayón Fallón |
| collection | DOAJ |
| description | The purpose of this study is to find evidence that shows that either active management of private pension funds in Colombia actually adds value to the investors or, on the contrary, investors would achieve better results if they invested in passively managed products such as, for example, an ETF (Exchange Trade Fund). After conducting a review of data available from 30 different private pension funds in Colombia and 30 ETFs that had similar investment goals to these portfolios, our findings reveal that, using common performance indicators, a Colombian investor would have a better ROI by investing in passively managed products (ETFs) than in portfolios currently offered by voluntary pension funds in Colombia |
| first_indexed | 2024-12-12T08:18:31Z |
| format | Article |
| id | doaj.art-b4913b07f292463ba99640a471971d9a |
| institution | Directory Open Access Journal |
| issn | 0123-5923 |
| language | Spanish |
| last_indexed | 2024-12-12T08:18:31Z |
| publishDate | 2010-04-01 |
| publisher | Universidad ICESI |
| record_format | Article |
| series | Estudios Gerenciales |
| spelling | doaj.art-b4913b07f292463ba99640a471971d9a2022-12-22T00:31:29ZspaUniversidad ICESIEstudios Gerenciales0123-59232010-04-0126115133810.1016/S0123-5923(10)70110-8Evidence of active management of private voluntary pension funds in Colombia: a performance analysis using proxy ETFsEdgardo Cayón FallónThe purpose of this study is to find evidence that shows that either active management of private pension funds in Colombia actually adds value to the investors or, on the contrary, investors would achieve better results if they invested in passively managed products such as, for example, an ETF (Exchange Trade Fund). After conducting a review of data available from 30 different private pension funds in Colombia and 30 ETFs that had similar investment goals to these portfolios, our findings reveal that, using common performance indicators, a Colombian investor would have a better ROI by investing in passively managed products (ETFs) than in portfolios currently offered by voluntary pension funds in Colombiahttp://www.sciencedirect.com/science/article/pii/S0123592310701108Portfolio performanceactive managementvoluntary pension market in Colombia |
| spellingShingle | Edgardo Cayón Fallón Evidence of active management of private voluntary pension funds in Colombia: a performance analysis using proxy ETFs Estudios Gerenciales Portfolio performance active management voluntary pension market in Colombia |
| title | Evidence of active management of private voluntary pension funds in Colombia: a performance analysis using proxy ETFs |
| title_full | Evidence of active management of private voluntary pension funds in Colombia: a performance analysis using proxy ETFs |
| title_fullStr | Evidence of active management of private voluntary pension funds in Colombia: a performance analysis using proxy ETFs |
| title_full_unstemmed | Evidence of active management of private voluntary pension funds in Colombia: a performance analysis using proxy ETFs |
| title_short | Evidence of active management of private voluntary pension funds in Colombia: a performance analysis using proxy ETFs |
| title_sort | evidence of active management of private voluntary pension funds in colombia a performance analysis using proxy etfs |
| topic | Portfolio performance active management voluntary pension market in Colombia |
| url | http://www.sciencedirect.com/science/article/pii/S0123592310701108 |
| work_keys_str_mv | AT edgardocayonfallon evidenceofactivemanagementofprivatevoluntarypensionfundsincolombiaaperformanceanalysisusingproxyetfs |