Asset Allocation – Page 202
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Features
Europe going its own way
For as long as most equity analysts can remember, Europe has trotted dutifully in tandem with the US. The received wisdom is that European equity markets are indissolubly linked to US equity markets, that European interest rate movements will always mirror US interest movements and that what the Fed says ...
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Features
Pension fund directive hits Austria’s second pilla
The starting point for the Austrian second pillar pension system is associated with the year 1990 when Pensionskassen were introduced and the legal framework for the corporate pension market was established. These privately owned institutions were equipped with generous tax reliefs and a ‘modern’ understanding of funding given a mark-to-market ...
