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dc.contributor.convenorKaren Benson and David K. Dingen_US
dc.contributor.authorK. Basu, Anupen_US
dc.contributor.authorByrne, Alistairen_US
dc.contributor.authorDrew, Michaelen_US
dc.contributor.editorPhilip Gray and Vidhan Goyalen_US
dc.date.accessioned2017-05-03T14:38:28Z
dc.date.available2017-05-03T14:38:28Z
dc.date.issued2009en_US
dc.date.modified2012-08-30T23:02:51Z
dc.identifier.refurihttp://www.business.uq.edu.au/display/AFA/AsianFA+2009en_US
dc.identifier.urihttp://hdl.handle.net/10072/31910
dc.description.abstractIn this paper, we extend this alternative approach by proposing a dynamic lifecycle strategy which is flexible in adjusting its allocation between growth and conservative assets as the retirement date approaches depending on the extent that the plan member?s wealth accumulation objective has been achieved at that time. In other words, this strategy is responsive to past performance of the portfolio relative to the investor?s target return in determining the mix of assets in future periods. While initially it invests heavily in equities just as any other lifecycle strategy, the switching to fixed income is not automatic. It only takes place if the investor has accumulated wealth in excess of the target accumulation at the point of switch. Also, after switching to conservative assets, if the accumulation falls below the target in any period, the direction of switch is reversed by moving away from fixed income and towards stocks. We compare and contrast the outcomes of this dynamic strategy with those achieved by following a regular deterministic lifecycle strategyen_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_US
dc.format.extent434654 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.language.isoen_US
dc.publisherThe University of Queenslanden_US
dc.publisher.placeSt Lucia, Australiaen_US
dc.publisher.urihttp://www.business.uq.edu.au/en_US
dc.relation.ispartofstudentpublicationNen_US
dc.relation.ispartofconferencenameAsian Finance Association International Conference 2009en_US
dc.relation.ispartofconferencetitleAsian Finance Association International Conference 2009en_US
dc.relation.ispartofdatefrom2009-06-30en_US
dc.relation.ispartofdateto2009-07-03en_US
dc.relation.ispartoflocationBrisbaneen_US
dc.rights.retentionYen_US
dc.subject.fieldofresearchInvestment and Risk Managementen_US
dc.subject.fieldofresearchcode150205en_US
dc.titleDynamic Lifecycle Strategies for Target Date Retirement Fundsen_US
dc.typeConference outputen_US
dc.type.descriptionE1 - Conference Publications (HERDC)en_US
dc.type.codeE - Conference Publicationsen_US
gro.rights.copyright© The Author(s) 2009. The attached file is reproduced here in accordance with the copyright policy of the publisher. For information about this conference please refer to the conference’s website or contact the authors.en_US
gro.date.issued2009
gro.hasfulltextFull Text
gro.griffith.authorDrew, Michael E.


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