INVESTMENTS POLICIES ANALYSIS OF THE BRAZILIAN PENSION FUNDS / ANÁLISE DAS POLÍTICAS DE INVESTIMENTOS DOS FUNDOS DE PENSÃO BRASILEIROS
AUTOR(ES)
ANDREA FLAVIA DA ROSA
DATA DE PUBLICAÇÃO
2003
RESUMO
The pension funds are widely known by their social effects when paying worthy retirements and also when investing the savings they accumulate. After all, fair benefits not only keep the retired people away from social exclusion, but also active in the consuming market. Simultaneously, the investment of the resources in the economy raises the production level; is a stable source of the productive financing activities; raises the employment level and also increases the income taxes collection. Therefore, it is essencial that the pension funds look forward to implementing modern and efficient techniques for the management of its asset and liabilities, by adjusting its resources investiments policies for current and future times. This work aims to contribute for the creation of a rational and adequated system of investments management, through the analysis of the main directions to the application of resources that are adopted by these entities. This study is based on the investment policies of 55 Brazilian pension funds. The data was analyzed based on the sector legislation investments and on the theoretical referential elaborated in this study. The research results make evident the necessity of a reformularization in the investments legislation of the sector, as well as the creation of a more efficient model, with more severe mechanisms of fiscalization and supervision of this industry.
ASSUNTO(S)
fundos de pensao politica de investimento pension funds investment police
ACESSO AO ARTIGO
Documentos Relacionados
- Gestão e Desempenho dos Fundos de Pensão
- Analysis of determinative reals of the market of pension fund in the Brazilian states
- Gestão financeira de fundos de pensão
- A PERFORMANCE DOS FUNDOS DE PENSÃO: UMA ANÁLISE COMPARATIVA COM OS PGBLS
- INVESTIMENTOS DE BASE IMOBILIÁRIA POR INVESTIDORES INSTITUCIONAIS: OS FATORES QUE MODELAM A GESTÃO IMOBILIÁRIA DOS FUNDOS DE PENSÃO