Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)

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Analysis on the Performance of FOF Combination for Pension

Based on DEA Model

Authors
Zijun Zhao1, *
1Sun Wah International Business School, Liaoning University, Shenyang, China
*Corresponding author. Email: rukivanessa@gmail.com
Corresponding Author
Zijun Zhao
Available Online 2 December 2022.
DOI
10.2991/978-94-6463-010-7_62How to use a DOI?
Keywords
FOF; Pension; Portfolio; Aging; DEA; Fund Performance
Abstract

At present, with the global aging becoming increasingly serious, more and more countries and investors attach importance to the construction of pension fund system. FOF fund (fund of funds) is a special fund for the investment target. It does not directly invest in stocks or bonds, but invest in other securities investment funds to indirectly hold stocks, bonds and other securities assets. In the case that the original fund has diversified risks by investing in different assets, the FOF fund uses professional investment technical means to construct fund portfolios to achieve the purpose of diversifying risks again. Therefore, the FOF fund can be widely used in the pension fund market as a form of pension fund operation. In this paper, DEA model is used in the FOF fund’s performance analysis, four independent input variables are obtained by principal component method which represent four aspects: management, risk, cost and scale respectively. By comparing the performance of different FOFs, the author found that the efficiency value of pension funds is higher on average. It is able to confirm that the FOF portfolio has unique advantages. In the current situation of global aging, the FOF product portfolio still has development potential. Besides, the application of DEA is able to provide some reference for individual investors.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)
Series
Atlantis Highlights in Intelligent Systems
Publication Date
2 December 2022
ISBN
10.2991/978-94-6463-010-7_62
ISSN
2589-4919
DOI
10.2991/978-94-6463-010-7_62How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zijun Zhao
PY  - 2022
DA  - 2022/12/02
TI  - Analysis on the Performance of FOF Combination for Pension
BT  - Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)
PB  - Atlantis Press
SP  - 603
EP  - 618
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-010-7_62
DO  - 10.2991/978-94-6463-010-7_62
ID  - Zhao2022
ER  -