Freeman H R
Memorial Medical Center, Inc., Savannah, GA.
Healthc Financ Manage. 1994 Oct;48(10):44, 46, 48-50.
A model for the investment of pension funds has been created that combines passive and active portfolio management strategies. The model uses a passive index fund to reduce the amount spent in transaction costs. It applies a percentage band that identifies the portion of the portfolio that should be committed to equity investments at various stages of the market movement cycle. Finally, it uses price movement trigger points to dictate when pension funds should be moved into and withdrawn from stock market investments.
一种结合了被动和主动投资组合管理策略的养老基金投资模型已经创建出来。该模型使用被动指数基金来减少交易成本支出。它应用一个百分比区间来确定在市场波动周期的不同阶段应投入到股票投资中的投资组合比例。最后，它使用价格变动触发点来决定养老基金何时应进入和退出股票市场投资。
