Asset Allocation – Page 201
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Features
In the sky with diamonds
The pension fund of Dutch national airline KLM was launched 70 years ago to provide pensions for its pilots, cabin crew and ground staff. There are three distinct funds to cater for the different and mostly very individual needs of the three groups of employees. At the end of last ...
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Features
EMD grows to maturity
Emerging market debt (EMD) has certainly hit the headlines in recent years. Argentina defaulted in 2001; in January 1999 in Brazil the real was devalued by 40%; Russia restructured its debt in 1999, while in 1997 the Asian crisis saw a collapse in investor confidence spread among the region’s countries. ...
