养老基金的资产多元化

On the Diversification of Old Age Fund

与其它金融资产一样， 养老基金也将面临收益性、流动性和安全性的问题。连续的降息对基金资产的投资方式提出了挑战。人口老龄化， 产业结构调整使得退休人员的比例呈加速度上升等不确定因素， 要求提高基金等资产的收益性， 要达到保值增值， 且又有较强的流动性的目的， 基金资产必须进行多元化的投资组合。文章在比较分析了发达国家和发展中国家养老基金的资产及其运作方式，

Like other financial assets, Old Age Fund also faces the problems of low profit, ill mobility and high risk. The repeated cut of interest rate has challenged the role of Old Age Fund as a means of investment on bonds. The increase of old age population and the growing number of ripped-off workers in the restructuring of industries now add more to the problems. To increase mobility and guarantee or even enhance the worth, the realignment and diversification of the assets must be practised. Comparing the operating pattern of the Old Age Fund in developing countries with that in developed ones, this paper advances its own opinion in assets structure and the operating pattern for the Old Age Fund in China.