Devising an investable index

By Arun Muralidhar and Jan Willem StuijvenbergOctober 2005 (Magazine)

There has been a growing emphasis on pension fund liability management and creating a portfolio of assets to match these liabilities. The popular press has published several recommendations to protect pension fund solvency through the immunisation of liabilities. Recommendations have ranged from the approach of the Boots Pension fund, which ...