Pension products offered by life insurance companies to individual customers are no safe protection against inflation. In a survey we tested 48 pension products. The average garanteed return after 40 years was 1.02 percent. The average garanteed return of the tested products offered by big...

Die von Lebensversicherungen angebotenen Privatrententarife können einen Inflationsschutz nicht garantieren. Die effektive garantierte Beitragsrendite lag in der vorliegenden Untersuchung von 48 Versicherungstarifen bei lediglich 1,02 Prozent und bei den Marktführern sogar nur bei 0,94...

Die von Lebensversicherungen angebotenen Privatrententarife können einen Inflationsschutz nicht garantieren. Die effektive garantierte Beitragsrendite lag in der vorliegenden Untersuchung von 48 Versicherungstarifen bei lediglich 1,02 Prozent und bei den Marktführern sogar nur bei 0,94...

We investigate the effects of bull and bear markets on correlations between developed and emerging country equity returns, and on the benefits of combining international markets in a portfolio. Contrary to most other studies we find that correlations fall in both bull and bear markets, although...

We investigate the effects of bull and bear markets on correlations between developed and emerging country equity returns, and on the benefits of combining international markets in a portfolio. We find that, contrary to most other studies, correlations fall in both bull and bear markets,...

We add to the concerns raised in Ljungqvist, Malloy and Marston, 2009, Rewriting History, Journal of Finance, 64, 1935-1960, about the reliability of the I/B/E/S data provided by Thomson Reuters (TR). Many of the dates reported as earnings announcement dates are not earnings announcement dates;...