Asset Allocation – Page 262
-
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 ...
-
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 ...
-
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 ...
-
Features
Travelling cautiously
Outside the window of Ton Groeneveld’s office in Utrecht, the trains run past constantly, a perpetual reminder if he ever needed it of what his job is all about. He is chief investment officer at SPF Beheer, the management company that was formed in 1994 to administer the e10bn Railways ...
-
Features
UK sees rapid pace of change
The pace of change in the UK pensions market over the last 30 years has been more dramatic than in any other major institutional market, claims Greenwich Associates, the Greenwich, Connecticut-based research and consulting firm. Of particular note in the UK, says Greenwich, is the shift by schemes in their ...
-
Features
Waiting for signals to change
UK equities have recovered some of the losses they suffered following 11 September and there are signs that the domestic economy is more robust than previously feared. But investors’ hopes for a more geographically widespread upturn in economic fortunes could paradoxically dent share index levels in the UK. This is ...
