Research on Optimal Investment Portfolio of Enterprise Annuity under Investment Constraints - American Journal of Industrial and Business Management

AJIBM > Vol.8 No.12, December 2018

Research on Optimal Investment Portfolio of Enterprise Annuity under Investment Constraints ()

HTML XML

Download as PDF (Size: 782KB) PP. 2391-2402

DOI: 10.4236/ajibm.2018.812160 780 Downloads 1,983 Views Citations

Author(s)

Xiaozheng Cao

Affiliation(s)

School of Management, Jinan University, Guangzhou, China.

ABSTRACT

Using Markowitz’s mean-variance model, this article measured the yields and risks of the four major investment instruments under the premise of different investment portfolios in the current enterprise-annuity-investment constraints. Finally, under the existing annuity investment constraints, this paper found that 1) corporate bonds are better than government bonds from the security and profitability of the enterprise annuity portfolio, 2) the combination of two or more investment instruments can more diversify risks, 3) stock investment needs to be selected in the portfolio, the higher the proportion of stock investment, the greater the yield of the enterprise annuity portfolio.

KEYWORDS

Enterprise Annuity, Optimal Portfolio, Investment Constraints

Share and Cite:

Cao, X. (2018) Research on Optimal Investment Portfolio of Enterprise Annuity under Investment Constraints. American Journal of Industrial and Business Management, 8, 2391-2402. doi: 10.4236/ajibm.2018.812160.

Journals Menu

Follow SCIRP

	+1 323-425-8868
	customer@scirp.org
	+86 18163351462(WhatsApp)
	1655362766

	Paper Publishing WeChat

Journals Menu

Home

About SCIRP

Service

Policies