Asset Allocation – Page 257
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Features
State-of-the-art ALM given high priority
The Third Swedish National Pensions Fund was voted Swedish market leader in investment strategy for the asset/liability modelling (ALM) study that the fund carried out as a part of the preparations ahead of the new asset management mandate that came into effect at the beginning of this year. The aim ...
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Features
Heightened risk aversion
It is never straightforward predicting outcomes, but today’s investors face even more challenges as the war against terrorism continues. Capital markets seem to be entering new realms and for most investors, even quite seasoned ones, it is pretty much unchartered territory. The US yield curve was the steepest it had ...
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Features
Style begins to take root in Europe
Style indices are relatively prevalent in the US, with Dow Jones, Russell, S&P/Barra and MSCI all offering style indices based on their standard index products. The European markets have been less well served in this respect. Until recently, MSCI was the only major provider to offer a pan-European product within ...
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Features
Boots kicks shares into touch
The £2.3bn (e3.7bn) pension fund of the Boots group has sold its entire equity and short-term bond investments and switched its allocation to sterling long-dated fixed rate bonds in a shift that the fund says will save it around £10m a year in management fees. In a letter to pension ...
