Fixed Income – Page 15
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NewsCCLA launches global company mental health benchmark
Plus: Federated Hermes appointed for pair of fixed income mandates
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NewsSustainable finance roundup: Redington’s research on climate-related commitment
Plus: Smart Pension and AXA IM in biodiversity partnership; Finnfund creates framework for sustainability bond issuance; German sustainable finance committee sets up priorities
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FeaturesMarket overview: German institutional investors manage uncertainty
At mid-year 2022, the volume of Spezialfonds – the German vehicle for professional investors – administered on Universal Investment’s platform was €498bn, a rise of around 5% year on year. On a six-month basis, however, and compared with the end of the booming stock year 2021, asset volumes were down around 3%.
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Special ReportInflation: expectations … and reality
In 2022, inflation surprised only on the upside, and surrounding economic conditions became increasingly uncertain. As short-term inflationary pressure has moderately spilled into inflation expectations – 10-year German inflation breakevens rose from 0.5% to more than 2% in 24 months1 – our DWS Long View capital market expectations for the next decade remain below historical averages.
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Special ReportWhy investors use sustainable fixed income ETFs
Sustainable fixed income investing is growing at a rapid rate as investors increasingly seek to address climate risks, meet new regulations, and adapt to new investment preferences. The majority of investors who are choosing indexed exposures to build their sustainable portfolios are currently following SRI indices, with 93% of AUM in sustainable fixed income UCITS ETFs tracking such indices.
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Asset Class ReportsEmerging market debt report
This year has seen hefty losses on the main emerging market debt indices, in both hard and local currency denominated bonds. Investors are left assessing whether these price moves are justified. Or has the market overreacted to US rate rises and the war in Ukraine, leaving markets as a whole underpriced?
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InterviewsOn the record: Emerging market debt
At a time of high volatility in interest rates, currencies and GDP, two seasoned investors in emerging market debt discuss their approaches
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Asset Class ReportsEmerging market debt: managers face choppy waters
Some see opportunities as investors have exited the asset class but emerging economies continue to face divergent trajectories
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Asset Class ReportsEmerging market debt: China government bonds
The outlook for Chinese government debt is looking less attractive
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FeaturesFixed income, rates & currency: Central banks act tough
This year’s Jackson Hole Symposium, an annual high-level event sponsored by the Reserve Bank of Kansas, yielded relatively little policy news. But the fighting talk from the US Federal Reserve and others was striking. Fed chair Jerome Powell’s speech was markedly more hawkish than expected, while Isabel Schnabel, board member of the European Central Bank, referred to the need for central banks to act ‘forcefully’ because “both the likelihood and the cost of current high inflation becoming entrenched in expectations are uncomfortably high”.
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AnalysisAnalysis: Goodbye, LDI? Too early to say
The sudden and unprecedented rise in Gilt yields, caused by the UK government massive fiscal stimulus announcement, tested the risk management strategies of UK DB schemes
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News
Mandate roundup: Swiss scheme tenders CHF2.6bn in equities, bonds
Plus: APK seeks manager for CHF240m small, mid-cap equity mandate; Swiss Investor issues $150m infrastructure brief
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NewsBank of England intervention eases pressure on DB schemes facing margin calls
Pension funds should proactively look for ways to shore up liquidity, says consultancy
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News
Consultants call on UK trustees to study impact of borrowing costs
‘Rising borrowing costs are bad news for corporate Britain,’ says LCP
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News
Publica in talks with large pension funds for co-investments in infrastructure
Publica’s board decided to reduce its fixed income allocation as part of its new strategy
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News
Corporate pension fund tenders mandates over €500m
Plus: Insurer in The Netherlands seeks EM manager for €250m brief
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News
Inarcassa shifts to corporate bonds with higher ESG rating
This summer the scheme recorded returns of -7% amid increased volatility in financial markets
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News
Dutch pension funds sell €88bn in assets in rebalancing exercise
It is the biggest asset sale by pension funds in the country in any six-month period
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News
APK issues corporate bonds mandates worth €750m
Also: institutional investor based in Switzerland seeks manager for AUD290m fixed income brief
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FeaturesFixed income, rates & currency: defying historical norms
Another US jobs report comes in significantly above consensus. Its across-the-board strength, upward revisions to previous reports, and an unemployment rate at the lowest level since 1963, may indicate that the economy is not quite as near recession as previously surmised. And with inflation still rising, albeit slightly less fast than expected, the outlook remains cloudy.
