| Summary: | 碩士 === 長庚大學 === 工商管理學系 === 101 === This thesis focuses on the assets allocation of Taiwan labor pension fund. Utilize and arrange the new and old labor pension fund presents status of operation. The methodology of this research is based on Mean - Variance Model developed by Dr. Markowitz. Using the maximize Sharp Ratio to measure the investment of portfolio standard. Then construct the portfolio of Formosa Plastics Group and Taiwan 50 Index to optimal the assets allocation and compared with the labor pension fund in 2004 to 2012. This purpose is to compared the explicit delegation of labor pension fund by the government and which the portfolio we use to invest are have better consequence. Thus, we can suggest the government can learn from American 401K and labor can operate their own pension account in the future. Last but not least, suggest the government can raise the percentage of stock investment and enhance to manage the explicit delegation institution. Let teamwork or the whole company to manage the labor pension fund, smash the traditional way of chosen a famous fund manager, abolish or revise the guaranteed rate of return. If it cannot carry out in the short term, then it can consider using an excess earnings to withdraw and maintain the loss to prepare, in case of decreasing the probability of national treasury compensation.
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