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Abstract
Investment pools are frequently designed to pay health care expenses. We examine whether health care equity investments hedge the health care liabilities of these investment pools. In contrast with conventional wisdom, we find them to be uncorrelated with medical inflation and, thus, poor hedges.
TOPICS: Pension funds, statistical methods, portfolio construction
- © 2009 Pageant Media Ltd
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Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600