All Features articles – Page 310
-
Features
Not short on uncertainty
Now that we know who’s to be running against George W Bush in November’s US elections, that’s one less political uncertainty to have to factor in. There are, however, plenty of outstanding uncertainties to worry investors across the world. For fixed income investors, one of the key issues seems to ...
-
Features
Luxembourg plants its acorns
Almost five years ago, Luxembourg passed the legislation that created three new types of international pension vehicle. The Loi RCP of June 1999 enabled the creation of the Sepcav, an open-ended pension plan which operates like a DC plan in the US, and the Assep, which is similar to a ...
-
Features
Where the action is
Economic growth is accelerating globally, led by the excellent performance of the US economy. Conditions for sustainable growth in the US are falling into place, rising profits are positively contributing to economic growth and monetary policy is easy and fiscal policy will remain supportive ahead of the presidential election. Outside ...
-
Features
Actions on CAs at last
Automation, standardisation, harmonisation: these are not terms commonly associated with the vexed business of corporate actions processing. Efforts to improve levels of straight-through processing and the quality of reference data have been high on the industry’s agenda in recent years – except when it comes to corporate actions. Fraught with ...
-
Features
Looking for better times ahead
While analysts seem to be fairly optimistic about global public equity markets, the same assumptions cannot be automatically made for the private equity sector. This sector is as dependent on the circumstances of individual companies as it is on general market sentiment, so it does not necessarily follow that either ...
-
Features
All for one and one for all?
This month’s Off The Record considers the issue of solidarity. Many pension schemes in Europe rely on current contributions to pay for the benefit of pensioners now in the expectation that the succeeding generation will help them in their turn. A joint report by the EC and the European Council ...
-
Features
What the new laws allow
The Investmentmodernisierungsgesetz (InvModG – Act modernising investmentfund regulation) was set on its way in order to mirror the changes in the UCITS III Directive within the German investment law. This presented an opportunity that was taken, to replace the KAGG law in place since 1957 and the AIG law since ...
-
Features
'All-weather' manager
Dexia Asset Management believes it is well down the road of being a major player on the European market. In just a few years and during one of the most cathartic periods ever in asset management, a group with formidable European credentials has been created, it claims. Following the acquisition ...
-
Features
Conservative in approach
Private pensions are still a young industry in central and east European (CEE) countries, but differing legislation has produced a range of investment strategies, reports a survey* produced by FI-AD Financial Advisory of Budapest. The survey, sponsored by East-West Management Institute of Vienna, used its own and the standard Organisation ...
-
Features
Care and attention deliver dividends
The index gives the investment manager an essential reference point. It is a prime way in which the pension scheme instructs the fund manager what risks to take, whether the prime worry is losing money in nominal terms next month, or protecting the scheme against inflation, or maximising the long ...
