Asset Allocation – Page 21
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Country ReportSolvency UK: tweaks likely to bring only marginal gains
The UK’s reforms of the Solvency II framework are unlikely to be enough to usher in a big wave of investment in domestic productive assets by insurers
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FeaturesUS economy continues to surprise
The resilience of the US economy continues to confound observers. The Federal Reserve’s 11 hikes in interest rates over the course of 2022 and 2023 were implemented to rein in economic strength and to stifle inflation. Scroll forward to the second quarter of 2024 and both inflation and economic activity are still higher than expected.
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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.
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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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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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NewsABP to reduce investments in emerging markets
The fund believes it no longer pays to be overweight the region given the expected returns for emerging market assets
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NewsArticle 9 funds outflows continue amid ongoing regulatory uncertainty
Flows into Article 8 funds rebounded after three quarters of outflows
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NewsAP4 resets long-term scenarios amid US trade worries
Swedish pensions buffer fund CEO sees political environment remaining problematic for years
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NewsEnpam shifts to macro portfolio strategies in new LDI approach
Italy’s largest pension scheme is splitting its assets into two macro portfolios
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NewsACCESS Pool seeks two private equity allocators
The aggregate size of annual commitments to both private equity allocators will be on average around £500m or more each year
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NewsItalian schemes bolster ESG standards in private equity allocations
Research shows that 57% of Italian institutional investors directly buy private equity products in line with ESG criteria
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NewsAlecta, APK back $436m Amundi-IFC impact-oriented EM bond fund
Public-private partnership aims to encourage issuance of green, social and sustainability-linked bonds in emerging markets
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NewsFRR nets 9.68% in 2023 as return asset boost brings H2 benefits
Reserve fund also announces that CIO Salwa Boussoukaya-Nasr has been appointed to executive board
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NewsTangen’s hopes dashed for SWF’s timely private equity debut
Norwegian government refuses to allow NBIM to add unlisted equity to GPFG’s asset mix for now, but moves to gather more information on the idea
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NewsSwiss corporate pension funds reviewing strategic allocations, says WTW
Re-emerging inflation, progressing de-globalisation, and geopolitical tensions weight on decisions to review investments
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NewsSwiss plan liquidates Asia equity mandate as it cuts asset management costs
Pension fund for the Coop group reinvests liquidity in existing global passive equity mandate
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NewsUK master trusts’ overseas equities post three times higher returns than domestic investments
Overseas equity investments do not align with chancellor of the exchequer’s plan to help grow the nation’s economy
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FeaturesIPE Quest Expectations Indicator - April 2024
The shadow of the US presidential elections is longer than normal because Trump is under several legal clouds. He could still get barred from participating but that seems unlikely. He does have a liquidity problem, a self-destructive streak, a mercurial character and no credible alternative waiting in the wings, though.
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InterviewsPension funds revisit allocations to China
European pension funds have reduced their allocations to China as the outlook for the country’s economy becomes more uncertain
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Opinion PiecesUS pension plans wrestle with China private market exposure
After a horrible 2023, Chinese stocks look cheap and attractive. But most US pension funds do not seem interested in investing in the Chinese stock market. On the contrary, they have reduced their holdings since 2020 and some are exiting entirely, according to Bloomberg analysis.
