Analysis and opinion – Page 6

  • Brexit
    Analysis

    Britain’s brave new world

    2020-01-31T16:03:00Z

    It will be vital for the UK to get its broad policy settings right as it embarks on the structural change of Brexit

  • liam ipe dec 2019
    Opinion Pieces

    Beyond green ambitions

    January 2020 (Magazine)

    Europe has lofty ambitions as it positions the European Green Deal as Europe’s growth plan for the coming decade and beyond

  • Daniel
    Opinion Pieces

    A precarious balance

    January 2020 (Magazine)

    Why has there not been another global financial crisis over the past decade? That is a more fruitful question than trying to predict when the next bout of market mayhem will hit.

  • Carlo
    Opinion Pieces

    Systemic risk may be underestimated

    January 2020 (Magazine)

    Underestimating the scale of systemic risk within the asset management industry is a mistake. For several years, macroprudential authorities including the International Monetary Fund, the European Central Bank and the Bank of England have argued that asset management activities are becoming systemically more risky.

  • Venilia
    Opinion Pieces

    Time for a positive impact on investing

    January 2020 (Magazine)

    The focus on sustainability and impact investing is expected to continue to grow, with potential regulatory and policy responses having wide-ranging investment implications

  • Green Deal key actions
    Analysis

    Investors react to EU Green Deal

    January 2020 (Magazine)

    PensionsEurope and EFAMA have reacted positively to a European Commission climate change-driven growth strategy

  • Miranda Carr
    Interviews

    Interview: Miranda Carr, Haitong International

    January 2020 (Magazine)

    It is all too easy to forget that the markets are in a peculiar state. For example, nominal yields on US 10-year Treasuries have trended downwards since 1981. Real interest rates – that is, adjusted for inflation – have also trended downwards from about the same time. Estimates vary but there are also many trillions of euros worth of negative yielding debt.

  • Carlo Cottarelli2
    Features

    Perspective: Carlo Cottarelli

    January 2020 (Magazine)

    Carlo Cottarelli, the Italian economist and former IMF director, says fixing the European economy will mean taking difficult decisions

  • Joseph Mariathasan
    Features

    GDP numbers spread fake news

    January 2020 (Magazine)

    GDP is a measure of economic activity rather than wealth creation. As such, it can give misleading signals about the health of an economy

  • Alex Waite
    Features

    Accounting Matters: Inflation measurement dilemma

    January 2020 (Magazine)

    If there is one issue that has seized the attention of defined benefit (DB) sponsors this reporting season, it is whether inflation should be measured using the consumer prices index (CPI) or the retail prices index (RPI). And Lane Clark & Peacock (LCP) partner Alex Waite is clear why: “There is a formula [for RPI] and the formula is wrong. It is like having an error in a spreadsheet,” he says.

  • Martin_Schmalz
    Features

    Letter From US: Concerns over common ownership unabated

    January 2020 (Magazine)

    No matter who wins the presidential election this November the issue of concentration of US corporate ownership by the Big Three money managers – BlackRock, Vanguard and SSGA – will not go away

  • pascal blanque and amin rajan
    Analysis

    Research: Back to basics will drive asset allocation

    January 2020 (Magazine)

    In the final article on a new report, Pascal Blanqué and Amin Rajan conclude that liquidity management has become vital as quantitative easing reaches a point of diminishing returns

  • liam ipe dec 2019
    Opinion Pieces

    Can we all be Canadian?

    December 2019 (Magazine)

    As we approach the 2020s, what have we learned about pension investing in the last 20 years?

  • daniel ipe dec 2019
    Opinion Pieces

    The fiscal shift is no solution

    December 2019 (Magazine)

    There is a growing consensus that there needs to be a shift from extraordinary monetary policy to fiscal activism. Although quantitative easing (QE) will continue, there is a widespread recognition that its effects are diminishing.

  • carlo ipe dec 2019
    Opinion Pieces

    Factor strategies should be based on scientific consensus

    December 2019 (Magazine)

    Investors should take note of the debate taking place within the factor investing industry. On one side, are those who support a purist approach to the definition of factors, arguing that factor strategies should be built using factor proxies that undergo rigorous scientific tests. Scientific Beta, the organisation linked to EDHEC Business School, is a vocal supporter of this approach.

  • vewnilia ipe dec 2019
    Opinion Pieces

    The easy option

    December 2019 (Magazine)

    The Dutch social affairs’ minister Wouter Koolmees has spared millions of Dutch pensioners last month from having their pension payments cut in 2020, after the government granted pension funds a year’s grace period to restore coverage ratios.

  • kpmgs approach to auditing looks set to prevail
    Features

    Corporate reporting: Where were the parents?

    December 2019 (Magazine)

    Financial reports are normally dull affairs. Apart from the endless reams of paper detailing figures that few people understand, most of us just want to know a few key facts: whether the bottom line profit number is higher or lower than last year; whether the overall balance sheet can be summed up with a correspondingly big number – big is always better; and, critically, whether there will be a dividend.

  • book review only the best will do
    Book Review

    Book review: Only the Best Will Do

    December 2019 (Magazine)

    Peter Seilern, the founder of Seilern Investment Management, has a reputation for investing in ‘quality growth companies.’ In reading his credo ‘Only the Best Will Do,’ you realise this career-long passion reaches almost religious dedication. Never mention ‘value investing’ in his presence.

  • pascal blanque and amin rajan
    Features

    Research: Pension investors seem to be losing faith in quantitative easing

    December 2019 (Magazine)

    In the first of two articles on a new survey of pension plans, Pascal Blanqué and Amin Rajan find that unconventional monetary policy has taken a toll on pension funds

  • liam kennedy
    Opinion Pieces

    Bold thinking needed

    November 2019 (Magazine)

    Muted and constrained economic growth, continued low yields and quantitative easing, combined with a poor investment return outlook, loom over Europe’s pension sector.