Research Insights
Should Canada Require its Pension Funds to Invest More Domestically?
This report examines the domestic vs. international breakdown of investments for Canadian pension funds, and barriers to domestic investment. It finds the...
Market efficiency and value added by listed and unlisted U.S. institutional investor real estate portfolios
CEM research shows that institutional investors of sufficient size tend to outperform the market over long periods of time. The ability to outperform...
Australian Profit-to-Member Supers are Super on Costs
Are Australian superannuation funds relatively cost-efficient? This paper summarizes findings from eleven Australian profit-for-member superannuation funds,...
Has the Lack of Asset Diversification in DC Retirement Plans Been a Costly Missed Opportunity?
This Georgetown CRI study, in conjunction with CEM, asks the question, “Should DC plan sponsors emulate DB plans by increasing or introducing allocations to...
Asset Allocation and Fund Performance of Defined Benefit Pension Funds in the United States, 1998-2020
Of the $34.9 trillion of retirement assets in the United States at the end of 2019, approximately $7.1 trillion were held in public sector defined benefit...
Green Urban Development: The Impact Investment Strategy of Canadian Pension Funds
This paper investigates the investment strategy that large Canadian pension funds implement in the private real estate market. Even though they manage just 6%...