Asset Allocation – Page 18
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FeaturesWhy investors should focus on Scope 3 emissions
The investment industry is preoccupied with reducing Scope 1 and 2 emissions in portfolios to meet net-zero commitments. However, this focus will not provide a way to effectively manage climate transition and physical risk.
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FeaturesMarket predicts US soft landing - June 2024
A combination of Federal Reserve chair Jerome Powell’s press conference and a slightly weaker-than-expected US April non-farm payrolls outcome succeeded in flipping the market back to a soft-landing narrative for the US economy. US Treasury bonds rallied sharply, taking other markets with them, while the yen weakened significantly against the dollar before recovering.
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FeaturesIPE Quest Expectations Indicator - June 2024
Trump and Biden are both losing to undecided voters, a group that is now unusually large and may be sensitive to Trump’s legal troubles. Biden’s approval rate is below his score in presidential polls, while Trump’s score is the same in presidential polls and those measuring voters’ opinion of him. In the UK, the Conservatives took another drubbing in the local elections.
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NewsAlternatives exposure drags on returns for Dutch metals schemes
PME has been increasing its exposure to private equity, real estate and forestry
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NewsSwiss pension funds’ index investing climbs to all-time high
Swiss schemes achieved average net returns of 5.1%, with average returns of the best performing schemes standing at 8.2%, according to Swisscanto
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NewsIceland’s Almenni sees Q1 global equity returns boosted by krona weakness
Pension fund reports local currency slide almost doubled foreign equity returns, while most domestic stock prices fell in first quarter
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NewsPKBS drops ExxonMobil, Chevron, Glencore following oil and gas expansion deals
The pension fund has decided to implement an ESG index for investments in Swiss equities
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NewsUK DB schemes concerned over increasing volume of regulatory pressures
Russell Investments research shows that DB schemes’ concerns over regulation have more than doubled since autumn/winter 2022
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NewsDemand for equities double but infrastructure mandates fall, report finds
Infrastructure mandates for institutional investors saw a 15% fall in the last year
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NewsKPN scheme dumps inflation linkers
The reason for the sale is Germany’s decision to stop issuing inflation-linked bonds
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NewsBorder to Coast Pensions Partnership expands its private markets programme
Border to Coast Pension Partnership’s private markets programme has grown to £16bn following further commitments from its LGPS partner funds
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NewsThinking Ahead Institute calls for investors to double stewardship resources
Report shows that industry average stewardship resourcing level is currently at around 5% of total investment management costs
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NewsFondo Espero to review investment strategy to set up new sub-fund, life cycle option
Strategic realignment comes after introduction of silent-consent rule to tacitly join the scheme
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NewsSwiss schemes turn to corporate bonds as currency hedging costs rise
Currency hedging costs in the bond markets US and EU government bonds less attractive for the pension funds, says Complementa
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NewsPKBS cuts insurance-linked securities for fixed income, domestic property
teh scheme’s ILS active portfolio posted returns of -4.98% last year
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NewsGermany’s BVK redefines macro allocations in new investment strategy
As part of its its strategic asset allocation, the fund plans to invest in timber looking at ‘evergreen structures’
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FeaturesModelling shows net-zero investing can be profitable
Since the acceptance of the Paris Agreement in 2015, which bound nations to a legal commitment to reduce global temperatures, there has been a clear shift towards net-zero investing. While socially responsible investments are crucial for the mitigation of climate change, recent calls to row back on ESG funds suggest some hesitation.
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Opinion PiecesUS public pension funds focus on labour practices in private equity
Private equity has become dependent on public pension funds, which represent almost one-third of all investors in the asset class. These schemes invested 13% of their assets – over $620bn (€580bn) in 2022 – up from 3.5% in 2001 and 8.3% in 2011, according to data from public pension research non-profit Equable Institute.
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Opinion PiecesDefence is the new ESG question
Earlier this year, the European Commission launched its ambitious European Defence Industrial Strategy (EDIS). The main goals of the strategy are reducing fragmentation within the €70bn European defence industry and lowering weapons imports, thus increasing the EU’s military readiness. The success of the strategy would also contribute to economic growth.
