All Equities articles – Page 83
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Special Report
Risk Managed Equities: Low-vol equities: mind the gap
Stephen Miles looks at the pitfalls between a smart idea and its smart execution
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Special Report
Risk Managed Equities: Smart beta – a cautionary tale
By moving away from the market portfolio smart beta solutions add risk, argues Jeff Molitor. Investors need to be aware of this, and of the fact that taking active risk needs to be well timed
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Special Report
Risk Managed Equities: The funding dilemma
With its desire to de-risk and its growing deficit, the Strathclyde Pension Fund is one of many ideal candidates for the risk-managed equities experiment. Martin Steward reports on its plans
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Asset Class Reports
Global Equities: Jam today
A low-yielding environment makes an increasingly powerful case for dividend income in pension portfolios, writes Joseph Mariathasan
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Asset Class Reports
Global Equities: Three of a kind
Martin Steward finds three managers exploiting three major investment themes in three different ways
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Asset Class Reports
Global Equities: One world
The convergence of emerging and developed markets argues for integrated global portfolios. But Joseph Mariathasan finds that investors taking this approach could miss out on the best opportunities
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News
Morgan Stanley survey reveals firms with largest pension liabilities
EUROPE – Alcatel Lucent has largest liability as percentage of market cap – 140%.
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News
European pension funds lose millions on Facebook shares
EUROPE – Dutch asset manager APG, Sweden’s AP2 amoung those to suffer from share price halving.
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News
Companies with large pension deficits underperform, says Morgan Stanley
EUROPE – Companies with big deficits underperform MSCI Europe average by more than 25%.
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News
Deficits account for 5% of European company market cap, says Mercer
EUROPE – Figure up nearly 2 percentage points since 2008 as liabilities rise €220bn.
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Asset Class Reports
US Equities: Storm clouds gather over US economy
Shaniel Ramjee worries that markets are misreading the seriousness of the US fiscal position – a situation complicated by a looming budget cut of $1.2bn
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Asset Class Reports
US Equities: Still value to be found on upside
Martin Steward finds some surprising potential for growth at the heart of generally defensive portfolios
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Asset Class Reports
US Equities: Squeezing the last drops
US corporate margins have expanded impressively since the crisis. Joseph Mariathasan asks where the next wave of growth is going to come from
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News
SPF slashes equities to protect assets from possible Greek exit
€12bn Dutch railways pension fund temporarily halves equity exposure to 16.6%.
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Asset Class Reports
European Equities: ‘You can’t handle the truth’
Martin Steward considers a contrarian strategy that is not afraid to go neutral when the market is not in contrarian mood
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Asset Class Reports
European Equities: Stock prices follow earnings? Sometimes...
Frédéric Dodard looks at European stocks through the 1970s, 80s, 90s and 2000s and finds that the market will often pay much less for companies – or much more – than the fair price suggested by their earnings
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Asset Class Reports
European Equities: Staying in style
Surprisingly, Martin Steward finds that it was just about possible for pan-European contrarian value to hang in there during 2011’s quality-growth world
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Asset Class Reports
European Equities: Two different routes to risk
How should you be positioned at the inflection point of one of the strangest economic cycles in history? Martin Steward finds the consistent performers rotating into pro-cyclical stocks in both top-down and bottom-up strategies
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Asset Class Reports
European Equities: A stockpickers’ environment…
… if you can wait a decade for active risk to pay off. Joseph Mariathasan finds managers enjoying rich pickings for the long term, by taking account of – but also looking through – the dominant macro themes
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Asset Class Reports
European Equities: The middle way
Successful risk-taking in European equities during 2011 was more nuanced than it first appears, finds Martin Steward
