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Special Report

Impact investing

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Euro drop surprises funds

Just under a half of pension funds surveyed for IPE’s new ‘Off the record’ feature (see page 64) were surprised by the drop in the euro value against the dollar since its launch, while 52% of funds say they were not.
Over a fifth of funds reckoned the euro’s decline would be beneficial to their funds’ investments, while a slightly smaller proportion thought they would be adversely affected. But some 55% were adamant that they would not be affected at all.
A half of pension funds responding to our e-mail survey, said that the crisis in Kosovo would not affect their fund, while 25% thought it would have an effect, while the remainder said they did not know.
There is strong support for the European Commission’s moves on pensions, where nearly 60% felt that a directive was required. Around a qurter of those replying thought thies was not needed.
As to whether the emergence of the jumbo financial groups in France or cross border mergers such as that between Deutsche Bank and Bankers Trust would be good for them, the overwhelming response came from agnostics (49%), with only a paltry 14%, seeing them as beneficial.

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IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

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