University of Twente Student Theses
Equity home bias in Dutch industry-wide pension funds
Seidel, Laura (2014) Equity home bias in Dutch industry-wide pension funds.
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| Abstract: | Integration of financial markets allows investing aboard. International diversification provides with higher returns and reduces portfolio risk. However, despite the well-documented benefits of diversification many investors still hold larger proportion of domestic equity in their international portfolio, phenomenon known as home bias. This paper investigates to which extend Dutch industry-wide pension funds are exposed to equity home biased during years 2011 and 2012 by examining their individual characteristics: size, maturity and funding status. It is demonstrated that Dutch industry-wide pension funds are not exposed to home bias and therefore they pursue rational equity diversification and take advantage of the benefits of international diversification. |
| Item Type: | Essay (Bachelor) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 83 economics |
| Programme: | International Business Administration BSc (50952) |
| Link to this item: | https://purl.utwente.nl/essays/65340 |
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