Asset Allocation – Page 332
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Features
Austria: Government action depresses equities
The Austrian market has been underperforming in comparison with other continental markets where it normally shows a high correlation due to changes in its company taxation.Yet analysts believe that the market could still provide opportunities for stock selection.Paul Severin, head of re-search Austrian equities at Creditanstalt Investment Bank in Vienna ...
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Features
Poland adopts the Chilean model
The Polish Parliament is expected to pass legislation allowing Chile-style mandatory pension funds to be set up, with contributions in the first year of operation, expected to be 1999, estimated at $3bn.The new funds, in which major domestic and international banks and insurance companies are expected to be shareholders, will ...
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Features
Austria: Venturing from home
The BVP pensions fund, based in Vienna currently invests by far the greatest part of its equities investment outside Austria, given the poor performance of the domestic market, relative to its neighbours.The director of the BVP pension fund, Ferdinand Kernbauer, explains that while the fund has asset allocations catering to ...
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Features
BAT looks to boost global performance
In 1995, the tobacco and financial conglomerate, BAT Industries decided to develop a corporate pensions function,” appointing Simon Dudley - who had worked in a similar role at Unilever - as its pensions and benefits manager. Dudley, recently promoted to head of group personnel, has begun to implement an international ...
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Features
What the Belgian doctor ordered
In three years, the pension scheme for Belgian doctors and dentists has been transformed, writes Fennell Betson. No one said it was going to be easyWhen the pension scheme for doctors and related professions in Belgium switched from a pay-as-you-go to a funded basis, it broke moulds. Brussels-based Caisse de ...
