search query: @author Merton, R. C. / total: 11
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| Author: | Merton, R. C. |
| Title: | Thoughts on the Future: Theory and Practice in Investment Management |
| Journal: | Financial Analysts' Journal
2003 : JAN-FEB, VOL. 59:1, p. 17-23 |
| Index terms: | INVESTMENT PENSION FUNDS FINANCIAL MANAGEMENT |
| Language: | eng |
| Abstract: | The author focuses on households, and then turns briefly to pension funds and to endowments. In the realm of households, one of the biggest trends of the past 20-25 years is that householders are being called upon to make complex and important financial decisions. In the future, the author sees investment services for households developing in the direction of services to deal with lifetime household risks, hedging and insurance for financial assets, and the offering of comparatively seamless products to implement those plans. The author supposes that endowment funds need to consider all their asset and liability risks. Thus, the author concludes, the issue in implementing his suggestions is more a question of engineering than new science. |
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