Asset Allocation – Page 217
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Features
Equities to benefit from recovery
Short-term volatility will always feature in equity markets and should be expected. But overall, we believe that equity markets will maintain their positive trend in the months ahead because of the strength of improvement in economic and profits data around the globe. Not only has the US economy reported a ...
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Features
Holy grail - or Pandora's box
Has tactical asset allocation (TAA) disappeared? TAA – taking advantage of short-term anomalies in the relative values of assets – has been significantly eroded in pension fund investment structures. Although it is still present within portfolios at a very modest level. In past times UK pension funds funds chose the ...
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Features
Job market fugures confirm story
Our big picture for the global economy remains one of higher growth, with the US leading the global upturn. The US economy is changing for the better. Last quarter it grew at its highest pace since early 1984, with both capital spending and consumer spending posting big advances. The improvement ...
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Features
Why pressure is mounting on DB plans in UK
The last few years have seen troubled times for all involved with the management of defined benefit (DB) pension plans within the UK, with large numbers of employers either closing their DB plans to new entrants or shutting down their plans for future accrual altogether. Based on the National Association ...
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Features
Waving the flag for funding
The idea for a pension fund for members of the European Parliament began on a paper tablecloth in an Athens restaurant. It was sketched by Richard Balfe and a fellow member of the European Parliament (MEP) Anthony Simpson. They felt that MEPs fared worse than their national parliamentary counterparts in ...
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Features
Germany goes for TAA
German institutional investors are increasingly focusing on the possibilities for tactical asset allocation (TAA) within their portfolios. “What we are seeing in the market is that there is a very large interest in TAA,” says Klaus Esswein, State Street Global Advisors’ managing director, based in Munich. “You find immediate interest ...
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Features
Whose hands on the tiller?
The importance of the asset allocation decision has been highlighted by the market volatility of recent years. This has encompassed phases when both equities and bond have moved in the same direction, albeit at different paces (mid to late 1990s) and the more recent past where performance has diverged radically. ...
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Features
Bringing consistency to schemes in 19 countries
As a growing multinational with a young workforce, Vodafone faces atypical challenges when compared to more traditional companies. The pension benefits provided to its employees must be relevant to their expectations and must fit within a total reward package, which also has an emphasis on Vodafone shares. The Vodafone group ...
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Features
Fund aims for 5% real estate share with overseas focus
To bring diversification into ATP’s overall investment portfolio, approximately 4.3% has been invested in property – equivalent to €1.4bn. The strategic goal is to reach a 5% allocation (+/– 3 percentage points) in property by the end of 2003. Until the beginning of 2002, ATP invested solely in Danish real ...
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Features
ABP hits IPE-Awards jackpot
European superfund ABP scooped the board at the 2003 IPE-Awards in Amsterdam on November 20th by carrying off no fewer than five of the trophies - including the coveted Gold award for European Pension Fund of the Year. The incredible haul by the Dutch public pension fund for government, ...
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Features
Sound returns and efficient admin
The Victoria-Volksbanken Pensionskassen is a multi-employer pension fund offering DB and DC pension schemes. The administered plans are funded both by employer and employee contributions. With a capital value topping E308m at the end of 2002, its major shareholders are Österreichische Volksbanken, Victoria Volksbanken Versicherungs and ERGO International für Beteiligungen. ...
