{"title":"超级资产配置","authors":"J. Cooper","doi":"10.2139/ssrn.2162279","DOIUrl":null,"url":null,"abstract":"Australia's asset allocation in superannuation is out of alignment with the underlying demographics which reflect a large proportion of members approaching retirement. The theories underlying asset allocation do not adequately address a saving system with active cash flows like superannuation. A greater allocation to corporate bonds would address the problem of excess volatility contributing to sequencing risk or the risk of an adverse order of investment returns.","PeriodicalId":39542,"journal":{"name":"Social Security Bulletin","volume":"14 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2012-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Asset Allocation in Super\",\"authors\":\"J. Cooper\",\"doi\":\"10.2139/ssrn.2162279\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Australia's asset allocation in superannuation is out of alignment with the underlying demographics which reflect a large proportion of members approaching retirement. The theories underlying asset allocation do not adequately address a saving system with active cash flows like superannuation. A greater allocation to corporate bonds would address the problem of excess volatility contributing to sequencing risk or the risk of an adverse order of investment returns.\",\"PeriodicalId\":39542,\"journal\":{\"name\":\"Social Security Bulletin\",\"volume\":\"14 1\",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2012-09-11\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Social Security Bulletin\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.2162279\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"Social Sciences\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Social Security Bulletin","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.2162279","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Social Sciences","Score":null,"Total":0}
Australia's asset allocation in superannuation is out of alignment with the underlying demographics which reflect a large proportion of members approaching retirement. The theories underlying asset allocation do not adequately address a saving system with active cash flows like superannuation. A greater allocation to corporate bonds would address the problem of excess volatility contributing to sequencing risk or the risk of an adverse order of investment returns.