Fixed Income – Page 20
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News
Alecta says $75m blue bond investment meets sustainability, risk/return needs
Bond will enable Belize to refinance existing debt at lower cost, releasing $180m earmarked for marine preservation, says Swedish pension fund
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NewsIcelandic pension funds tackle low rates by cranking up equities allocation in 2022
New investment policies for Birta, Frjálsi and Almenni include raising equity weighting in some portfolios
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News
Master trust launches green impact strategy with Wellington, Lombard Odier
Wellington will manage impact bonds with both a climate and social focus, whilst Lombard Odier will manage bonds focussed on positive climate impact
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News
Alecta invests $250m in natural catastrophe risk via Swiss Re platform
Sweden’s largest pension fund says asset is highly diversifying and still produces attractive return over time
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Asset Class ReportsPortfolio Strategy – Fixed income report
As the earnings season gets under way in early January, we look at 2021’s bumper level of bank debt issuance, in particular from Bank of America, JP Morgan and Citigroup, which have all recorded big increases in deposits. Banks look set to benefit from rising rates this year, but also from their historically large capital buffers, diverse funding levels and central bank liquidity backstops and offer attractive valuations.
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FeaturesFixed income, rates, currencies: Economies at a sensitive juncture
Another new year and we are still in a COVID pandemic, as we were a year ago, although this time with economic grow-th looking pretty robust across the world. But, despite the best efforts of healthcare workers, scientists and politicians, the virus continues to exert an unnervingly strong influence on all our lives.
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Asset Class ReportsThe green bond imperative
A deepening pool of green bond issuance is allowing investors to direct capital towards objectives like energy transition
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Asset Class ReportsUS banks lead a boom in debt issuance
Capital requirements and locking in cheap funding have prompted banks to issue more bonds, but Europe lags behind
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Asset Class ReportsABS stages a comeback
‘Punitive’ regulations and onerous policies in the wake of the financial crisis saw the ABS market shrink dramatically. But complexity and an illiquidity premium offer opportunities for pension funds
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Country ReportInflation: Schemes keep wary eye on inflation
Few players anticipate rampant inflation rises, but pension funds are atuned to the actions of central banks around the world
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Special ReportNextGenEU: Towards a new euro yield curve?
Bonds designed to support member states hit hardest by the pandemic look set to become a new safe asset
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FeaturesFixed income, rates, currencies: Policy normalisation kicks in
Although several emerging market (EM) central banks have been hiking rates for a few months already this year, particularly in Latin America, it was only in the third quarter of 2021 that the global share of central banks raising official rates moved above 50%. This is the first time in three years that this has been the case, as several developed market central banks joined emerging market counterparts to tighten rates.
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Country ReportFunds collaborate on green credit
Swedish funds team up with fund managers by providing seed money for two new sustainable bond products
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NewsMandate roundup: FRR awards corporate bond mandates
Plus: Border to Coast launches £3.7bn multi-asset credit fund
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News
UK roundup: MFS launches credit strategy for DB schemes, insurers
Plus: Overseas banking group closes buy-in deal for UK scheme
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NewsSwiss Pensionskasse to align equity, bond portfolios with ESG indices
PKBS is considering impact investments through green or social bonds
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News
OPF chief disappointed at government failure over buffer capital rules
Oslo municipal pension fund reports 7.7% return for January to September
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Country ReportInvestment strategy: Shifting from fixed income
Swiss pension funds are rebalancing their portfolios but allocating to certain asset classes could prove challenging
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FeaturesFixed income, rates, currencies: Simmering tensions bubble up
After a reasonably peaceful summer – relative to the many previous volatile ones for capital markets, that is – simmering tensions are bubbling over, affecting many financial asset classes.
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Opinion PiecesGreen bonds – a ‘no-brainer’ paragon
Institutional investors are constantly searching for the elusive ‘no-brainer’ investment: the one that offers clear additional benefits without additional risk
