Influence of Pension Funds on the Russian Stock Market Volatility

Abstract

Authors:Sergey Mikhailovich Menshikov

The article contains research of influence of pension funds on volatility the Russian share market. Pension funds become more and more important participants of the share market. Their actions influence many characteristics of the market and  behavior of its other participants. In article the short review of the basic problems of pension funds as investors is given. We describe model for an estimation of influence of investments of pension funds on volatility the Russian share market. On data about pension funds of some the countries we carry out calculations influence of investments of pension funds on volatility the share market and we analyze the received results.