Asset Allocation – Page 3
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News
Previndai picks Mercer to review sub-funds’ strategies
The scheme could also consider setting up a new sub-fund, investing with a cautious approach, and a life-cycle option
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News
Inarcassa reshuffles global government bond portfolio
The scheme invests €2bn in government bonds, mainly in Italian fixed income
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News
SOKA-BAU to kick off private debt investment programme
The strategic investment target is worth 5% of the total assets of ZVK and ULAK, the two funds under SOKA-BAU’s management
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News
Monte dei Paschi scheme to make further investment in private markets
The pension fund has issued a tender for infrastructure, private debt and private equity
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News
SDR enthusiasm is waning among managers, according to Morningstar
Managers are taking a ‘wait and see’ approach in adopting the SDR label due to stringent criteria of regime as well as UK-centric nature of labelling criteria
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News
Investor bodies urge new UK PM to ‘seize opportunities’ of net-zero transition
The IIGCC, UKSIF and the PRI wrote to UK prime minister Keir Starmer asking for renewed policy focus to boost competitiveness and decarbonise the real economy
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News
CERN pension fund posts negative returns while other schemes rebound
Swiss pension funds achieved average net returns of 5.1% in 2023, according to Swisscanto
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News
Bayer Pensionskasse invests €950m in fixed income
The scheme pushed for investments in interest-bearing registered securities to keep the weight of the asset class stable in the long term
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News
KENFO overshoots target return as it continues illiquids expansion
The pension posted a return of 11.1% in 2023, the highest annual return to date, compared with -12.2% in 2022, and against a target return of 4.2%
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News
Swiss scheme expands credit investment to banks and infrastructure companies
LUPK’s funding ratio rose by 3.8 percentage points year-on-year, from 105.9% in 2022 to 109.7% in 2023
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News
Intesa Sanpaolo DB fund picks managers for equities, bonds
Several mandates were re-tendered, with Eurizon Capital picked for bonds, Schroders for global equity, Azimut for European equity, and Pictet for US equity.
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Country Report
ENPAM looks to preserve cash flow
In February 2024, the board of ENPAM, the first-pillar pension fund for doctors and dentists, approved plans for the fund to transition to an asset liability management (ALM) model that will focus on liability-driven investment (LDI).
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Country Report
Previmoda fine tunes for better results
In 2023, Previmoda, the pension fund for the fashion and textile sector, rejigged the strategic asset allocation of its sub-funds Smeraldo Bilanciato, which has a higher exposure to fixed-income, and the equity-focused Rubino Azionario.
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Country Report
CDC pension fund benefits from a steady stream of young members
The Cassa Dottori Commercialisti (CDC) is one of the most sustainable casse di previdenza, the Italian privatised first-pillar funds for professionals, thanks to prudent asset allocation and the CDC’s policy to attract young Italians to the chartered accountancy profession.
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Features
Analysts push back on rate cuts
Federal Reserve chair Jerome Powell’s June press conference was, like most careful central bank-speak, open to interpretation. It was possibly slightly dovish with a hint of hawk. However, in the aftermath of the press conference, and following a few busy days of US economic data releases, many analysts have pushed back their forecasts for the number of interest rate cuts this year.
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Features
IPE Quest Expectations Indicator - July 2024
Both US presidential candidates are slowly losing popularity, while staying very close in the polls. Trump seems to have more trouble than Biden getting through to the undecided. Trump’s legal troubles may yet hinder his candidacy, in particular among independents.
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Features
IPE Quest Expectations Indicator - August 2024
Joe Biden’s weakness was a lucky stroke for Donald Trump, who has shown similar symptoms for years. It remains to be seen what effect Kamala Harris has on the polls. Trump and his chosen VP are both proponents of weakening the USD.
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News
PFA hails 27% gain on domestic equity portfolio, cites stock picking
Danish pensions heavyweight describes its level of home bias as ‘strong’
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News
Höchster Pensionskasse VVaG targets direct bond investments, avoids real estate
The pension fund expects real estate valuations to fall in 2024, which could impact dividends from indirect real estate investments
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News
Nestlé pension fund launches new investment strategy
Under the new strategy, the scheme is reducing its exposure to real estate by 2 percentage points, while increasing its allocation to parallel bonds and listed equities