Asset Allocation – Page 268
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Features
Slightly overweight US
Pessimism about the outlook for the global economy have continuously increased in the past months and we now believe that the economic cycle will not trough before the first quarter 2002. We also expect the global recovery to be more shallow than previously thought and to start from a deeper ...
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Features
Dedicated sector analysis
Our investment process for the Euro-zone is based upon a top down sector allocation and a bottom-up stock selection. Within the Euro-zone, based on the MSCI-sectors, 15 relevant sectors have been identified. Each of these sectors has a dedicated financial analyst which rates the sector (outperform, underperform or neutral) compared ...
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Features
Making the big switch
The challenge facing the UK’s electricity industry a decade ago was that of converting its virtually monolithic industry-wide pension scheme into a system that met the needs of the new multi-employer environment. In meeting this challenge the industry, both on the distribution and generating sides, has worked unceasingly since privatisation ...
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Features
Waiting for a head of steam to build up
Hopes for a recovery in UK equity prices have been dashed more than once this year. But fund managers are still cautiously optimistic that the market could yet push through key barriers to end the year higher than its summer lows. Over recent months, the market just about managed to ...
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Features
US economy could surprise
It is not without irony that the US could well turn out be the strongest of the major industrial economies over the next twelve months. This would be in marked contrast to the start of the year when the question more being posed was whether Europe could survive the US ...
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Features
Elusive signs of recovery
There’s still no end in sight to the slowdown in the Euro-zone equity markets. This is the opinion of Marc Breutsch, head of economic research for Swiss Life Asset Management in London and Zürich, who says persistent negative macroeconomic data is not stimulating growth despite some areas of the market ...
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Features
Group risks in the e-world
The management of group risk benefits is in the process of elevation from an art to a science. No longer is employee benefit provision and the risks involved the sole preserve of HR. “It’s no longer a case of HR simply buying insurance products,” says Tony Salter of consultants PricewaterhouseCoopers’ ...
