The cost of homogeneity in life cycle pension funds: An explanation to demand's inelasticity of Mexican pension funds with a performance attribution test
In the present paper we study the lack of alpha generation in the main defined contribution pension funds (SIEFORES) in Mexico and we compare the performance of each fund against the one of their life-cycle profile peers (SIEFORE type). As we expected, we found underperformance due to management cos...
| Main Authors: | , , |
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| Format: | Article |
| Language: | Spanish |
| Published: |
Elsevier
2018-05-01
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| Series: | European Research on Management and Business Economics |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2444883417300463 |