Download or read book Economically Targeted Investing written by James Packard Love and published by . This book was released on 1989 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economically Targeted Investments ETIs The Issues written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Joint Economic Committee (JEC), based in Washington, D.C., presents the full text of a paper entitled "Economically Targeted Investments (ETIs): The Issues." published May 1995. Economically targeted investments (ETIs), also known as social investments, are pension fund investments selected for their economic benefits apart from their investment return to the employee benefit plan. The paper discusses the problem of these investments violating the fund manager's fiduciary duty under the Employee Retirement Income Security Act (ERISA).

Download or read book Economically Targeted Investments and Social Investments written by John R. Nofsinger and published by . This book was released on 1997 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper documents the emergence of economically targeted investments (ETIs) and social investments on pension funds. We find that these dual purpose investments are usually concessionary and reduce portfolio investment return. When fiduciary standards are weakened, public pension fund assets become easily abused by political objectives. Pension beneficiaries suffer by reduced investment returns, increased underfunding, and unfriendly actuarial assumptions. We also review the recommendations and policy implications of the Department of Labor's Work Group on Economically Targeted Investments. This Work Group is trying to allow, even encourage, private pension funds to invest in ETIs.

Download or read book Economically Targeted Investments written by United States. Congress. Joint Economic Committee and published by . This book was released on 1996 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Public Pension Plans written by DIANE Publishing Company and published by DIANE Publishing. This book was released on 1995-06 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addresses three points: what has been the extent of ETI's by nonfederal public employee pension plans, in terms of the amounts invested and the types of investments; did ETI programs aimed at business development realize competitive returns; and what were the economic effects of business development ETI programs, such as jobs created. 18 charts and tables.

Download or read book Whose Pension is it Anyway written by Cassandra Chrones Moore and published by . This book was released on 1995 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Targeted Pension Fund Investment for Economic Growth and Development written by United States. Congress. Joint Economic Committee and published by . This book was released on 1994 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Public Pension Plans written by United States. General Accounting Office and published by . This book was released on 1995 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economically Targeted Investments by State wide Public Pension Funds written by Richard Ferlauto and published by . This book was released on 1993 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Competitive Plus written by Lee Orr Smith and published by . This book was released on 1990 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Why Targeted Investing Does Not Make Sense written by John R. Nofsinger and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Proponents claim that economically targeted investments (ETIs) can earn a prevailing risk-adjusted rate of return while also providing an additional economic benefit to the plan participants. This paper discusses the fallacies in the reasoning behind ETIs. In short, the structure that would make ETIs acceptable under the fiduciary standards of ERISA may also create a lemons problem which makes ETIs poor investments, on average. An agency problem derived from the organizational structure of public pension plans can exacerbate the lemons problem. This paper's empirical evidence is consistent with this hypothesis. I find that the risk-adjusted portfolio returns associated with funds using ETIs are low.

Download or read book Pension Funds and Economically Targeted Investments written by Stephen Alexsandaer and published by . This book was released on 1997 with total page 612 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economically Targeted and Social Investments written by M. Wayne Marr and published by Cfa Inst. This book was released on 1995 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Feasibility of Economically Targeted Investing written by Marc V. Levine and published by . This book was released on 1997 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economically Targeted Investments written by Robert W. Dean and published by . This book was released on 1998 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hearing on Economically Targeted Investments written by United States. Congress. House. Committee on Economic and Educational Opportunities. Subcommittee on Employer-Employee Relations and published by . This book was released on 1995 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Competitive Plus written by and published by . This book was released on 1990 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: