Asset Allocation – Page 257
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Features
Still hope for Taiwan
Asian countries still have a long way to go in the evolution of open, comprehensive and well-funded pensions systems. Each one has its own obstacles to overcome but Taiwan is typical of many in that it currently has a restrictive system that simply doesn’t work. Benefits for employees in the ...
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Features
Multi-employer move by Verbund
The fund of Verbund is certainly testing the structure of the Austrian pensions industry. In November, it announced that it was no longer going to be a single company scheme, but was going to join the ranks of those in multi-employer schemes, nominating one of the largest ÖPAG, as its ...
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Features
The dice are rolling in Asia
Once again last year, the Asian region provided some of the most rewarding returns for foreign investors. And if 2001 was an important year for Asia, with China and Taiwan entering the World Trade Organisation (WTO) and the markets of South Korea, Taiwan and Thailand giving investors a boost, then ...
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Features
Watch for the bumps in the road
There is mounting conviction in the markets that the synchronised slowdown in global growth – one of the worst on record – is close to ending. The principle of ‘first-in-first-out’ keeps the focus firmly on the performance of the US economy. The news flow emanating from there over the last ...
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Features
Cautious optimism on equities
We have a long-term, strategic asset allocation that stands at 3% cash, 57% bonds and 40% equities. Our current allocation differs only slightly from this long-term view, containing 43% equities, 56% bonds and 1% cash. The fourth quarter of 2001 was marked not only by the aftershock of the 11 ...
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Features
Why Euro groups must centralise
As the New Year rings in the euro, how much evidence is there that European companies are adopting a more centralised approach to benefits management at the same time as they start using the single currency? The reasons for a more centralised approach are compelling. Employee benefits represent a huge ...
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Features
New market set for consolidation
Poland’s centre-left government was returned to power last autumn by a population disgruntled with rising unemployment, deteriorating public finances and a rapidly decelerating economy. The one undoubted success of the outgoing government was pension reform, which in 1999 replaced an unsustainable defined benefits system with a three-pillar system partly funded ...
