Optimization of the investment portfolio structure of private pension funds in crisis

Authors

  • Наталія Олександрівна Небаба SHEI “Ukrainian Academy of Banking of the National Bank of Ukraine”, Petropavlivska Str. 57, 40000, Sumy, Ukraine https://orcid.org/0000-0003-1968-9517

DOI:

https://doi.org/10.15587/2312-8372.2015.41749

Keywords:

private pension fund, investment portfolio, investment, model, risk, profitability, investment restrictions

Abstract

Investing pension assets is one of the most important activities of private pension funds. The amount of funds to individual account of future retiree and pension that he will receive in the future are depended from profitability of assets. After analyzing the existing theory of portfolio investment was concluded impossible to use it without adjustments in the practice of investing pension funds. Thus, there is a need to find approaches to optimize the structure of the investment portfolio of private pension funds, which not only take into account all legislative restrictions on areas for investment and diversification, but also will ensure profitability at an acceptable level.

Allowed areas of investing pension funds were investigated in the article and made their retrospective analysis. Using linear programming optimization model that allowed to take into account all the constraints and characteristics of investment assets, it is improved the structure of the investment portfolio of private pension funds. Transferring the results for 2014, it was shown that the use of this model in the non-state pension funds will increase the return on investment that shows the effectiveness of this model.

Author Biography

Наталія Олександрівна Небаба, SHEI “Ukrainian Academy of Banking of the National Bank of Ukraine”, Petropavlivska Str. 57, 40000, Sumy

Assistant

Department of Accounting and Audit

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Published

2015-04-02

How to Cite

Небаба, Н. О. (2015). Optimization of the investment portfolio structure of private pension funds in crisis. Technology Audit and Production Reserves, 2(6(22), 83–86. https://doi.org/10.15587/2312-8372.2015.41749

Issue

Vol. 2 No. 6(22) (2015): Economic cybernetics. Economics and management of enterprise

Section

Economics and Enterprise Management: Original Research

License

Copyright (c) 2016 Наталія Олександрівна Небаба

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