Fixed Income – Page 18
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News
Swiss Federal Council keeps interest rate on pension assets at 1% as bond yields rise
The increase of yields on Swiss bonds played an essential role in the decision
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NewsBank of England keeps tight grip on Gilts market
The purpose of these operations is to enable LDI funds to address risks to their resilience from volatility in the long-dated Gilt market
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NewsScottish Widows backs BlackRock’s ESG bond fund with £500m
This is the second fund that BlackRock has built in consultation with Scottish Widows
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News
Bank of England launches additional measures to help LDI market
LDI will continue to play a role in pension fund strategies despite market turmoil
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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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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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Asset Class ReportsEmerging market debt: China government bonds
The outlook for Chinese government debt is looking less attractive
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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 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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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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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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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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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
