【摘要】 企业年金是一种具有递延性质的激励模式 ,通过委托基金投资管理是实现企业年金保值的理想选择。运用投资组合理论的有效前沿方法 ,依据封闭基金的历史业绩 ,对企业年金收益替代率的关系以及相应的投资风险和投资比例进行分析 ,可得出委托代理成本和绩效管理费用上限 ,为企业年金的委托投资提供决策方法。更多还原

【Abstract】 Firm annuity is a pattern of deferred incentives, and investment management through trust fund is an ideal choice for preserving and adding to the value of firm annuity. An analysis of the substitution rate of annuity and its corresponding investment risks and ratios can be made in accordance with the historical performance of closed funds through the portfolio effective frontier approach, indicating the upper limits of trust costs and performance management expenses and providing a decision-making approach to the trust investment of firm annuity.更多还原