EVALUATION OF THE INVESTMENT POLICY OF OPEN-END PENSION FUNDS (OFES)
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The paper attempts to analyze and evaluate the investment policy of open-end pension funds. The authoress discusses the investment efficiency of the funds. She also indicates the present and past methods for such evaluation. The paper also describes the types of assets that the pension funds may invest in, along with the investment limits. The ending part of the paper is an evaluation of the investment performance of the entire pension market in the year of good investment results, i.e. 2005. This evaluation allows do demonstrate the influence of the investment policy on the functioning of an open-end investment fund. The results obtained by the funds and the way they invest the money of their members will, after all, determine the level of benefits for future pensioners.
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