Asset Allocation – Page 208
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Features
Pricing power is back
We currently have around E5bn in mixed portfolios, that is portfolios which contain both equities and bonds. The portfolios give us a mandate to allocate between equities and fixed income instruments. Our investment philosophy is very much characterised by a top-down approach. Here, I will describe our current allocation strategy ...
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Features
Pay-back time in Tokyo
For many, Japan was the surprise performer of the last 12 months, with a return of 49.6% over the fiscal year to March 2004. Most fund managers in the region anticipate strong earnings in the current year, driven by corporate structural reforms and a global and domestic cyclical recovery. Japan ...
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Features
Is the run over?
Although some recent reports suggest demand for emerging debt is set to weaken, the popularity of this asset class doesn’t appear to be subsiding. According to April’s report by the International Monetary Fund, rising US interest rates and a falling US dollar threaten to end two years of growth in ...
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Features
Managing the paradox
In a special joint interview at ING’s global headquarters in Amsterdam, Dick de Beus, chairman of the health care fund PGGM, and Jan Nijssen, global head of pensions at ING, shared their thoughts. IPE: What are the main issues facing people like yourselves in your positions on a day-to-day ...
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Features
Operating on a number of fronts
Peter Borgdorff, director of the Vereniging van Bedrijfstakpensioenfondsen or VB, for short, the association for Dutch industry-wide pension funds in The Hague, says there is reason for his members to be pleased with the outcome of the recent government proposals on pension reform. Harking back to the infamous September 2002 ...
