Australia's retail superannuation fund industry: structure, conduct and performance
Description
In this analysis of Australia's superannuation arrangements it is our conjecture that the structure and conduct of the retail superannuation industry in Australia directly impacts performance, resulting in the delivery of costly funds management products which add minimal value for investors over the long term. In this study, we take the perspective of an investor faced with selecting a retail superannuation fund, and explore the extent to which various differentiating characteristics (such as style, rating and cost) provide insights into fund quality which uses a variety of asset pricing models for the period 1991 through 2003. The results of this study, suggest that investors cannot garner superior risk-adjusted returns through reliance on such characteristics.
Impact and interest:
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ID Code: | 10509 | ||
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Item Type: | Contribution to Journal (Journal Article) | ||
Refereed: | Yes | ||
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Measurements or Duration: | 32 pages | ||
Keywords: | Australia, Performance Evaluation, Superannuation Funds | ||
ISSN: | 1445-954X | ||
Pure ID: | 33891113 | ||
Divisions: | Past > QUT Faculties & Divisions > QUT Business School Current > Schools > School of Accountancy Current > Schools > School of Economics & Finance |
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Copyright Owner: | Copyright 2006 Griffiths University | ||
Copyright Statement: | This work is covered by copyright. Unless the document is being made available under a Creative Commons Licence, you must assume that re-use is limited to personal use and that permission from the copyright owner must be obtained for all other uses. If the document is available under a Creative Commons License (or other specified license) then refer to the Licence for details of permitted re-use. It is a condition of access that users recognise and abide by the legal requirements associated with these rights. If you believe that this work infringes copyright please provide details by email to qut.copyright@qut.edu.au | ||
Deposited On: | 31 Oct 2007 00:00 | ||
Last Modified: | 03 Mar 2024 05:54 |
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