Fixed Income – Page 30
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Asset Class ReportsFixed Income – European investment grade: No sign of end for negative yields
Negative interest rates look set for a lengthy run in Europe, raising concerns about the long-term effects
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News
Industriens creates separate bond, equity teams to marry skills
Danish pension fund names two new team leaders for listed investments
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News
Dutch survey: In-house asset management gets boost
Externally managed assets drop by €169bn to €916bn this year
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FeaturesFixed income, rates, currencies: Clouded by uncertainty
It was predictable that risk markets should have reacted positively to the news of an agreement in principle in the US-China trade negotiations. Although assuredly better than a seemingly relentless stream of bad will between the protagonists, the provisional agreement is in no way a solution to the conflict. Another round of trade talks could be necessary just to reach a tentative accord. Investors would be wise to temper enthusiasm to extrapolate the ‘good news’ too far.
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Special Report
Focus on Fixed Income: Actively managing today’s green bond opportunities
In this article we examine the process for green bond labelling and certification and its implication for index investors. Passive (index-tracking) green bond funds are bound by eligibility rules and each index has its own labelling requirements.
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Special ReportFocus on Fixed Income: Bond ETFs, the Swiss army knife in a time of need
Fixed income will play both a pivotal and multi-faceted role in European pensions scheme portfolios. Whether it be for growth, income or liability and cash flow matching, many schemes in the region will need to hold bonds as they de-risk in a low yield environment.
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Special ReportFocus on Fixed Income: Do fixed income ETFs distort the market?
In this article, which is an excerpt from a recent State Street Global Advisors publication, we address one of the key misconceptions about fixed income (bond) ETFs – namely, that they have become so large that they are distorting the underlying bond market. Instead, we argue, despite their recent growth, fixed income ETFs represent a relatively small proportion of the world’s debt markets.
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Special ReportFocus on Fixed Income: The rise and rise of fixed income ETFs
When ETFs first broke up the active management party in the fallout of the financial crisis, it was equity funds that bore the brunt of the impact.
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Special ReportFocus on Fixed Income: ETFs: the natural home for fixed income
In recent years, fixed income ETFs have been grabbing a larger slice of the ETF market as investors look to capitalise on the enhanced diversification, tradeability, price transparency and liquidity they can provide to bond portfolios. According to the latest research by Citi Business Advisory Services, fixed income ETF assets have increased at a robust 25% annual compound growth rate over the last decade, hitting more than $870bn by the end of 2018.
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NewsInvestors welcome new corporate green debt structure
APG and MP Pension positive on Enel’s general purpose bond with higher coupon on offer if environmental targets missed
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News
Use bond markets to challenge heavy emitters, says NBIM founder Kjaer
New bond issues like regular IPOs, provide an opportunity for scrutiny
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News
AP2 puts China asset managers under close human rights scrutiny
Swedish pension fund claims pioneer status with first report on its work on human rights
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FeaturesEverything is still possible
Markets are on edge as a result of difficult economic and geopolitical forces. Risks are still skewed to the downside. Trade tensions have not abated, rather there is a possibility of further escalation in the future, which looks like reducing investment, and damaging already apprehensive outlooks.
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News
UK roundup: LGPS pool names managers for £2bn sterling credit fund
Plus: Master trust The People’s Pension is allocating to an ‘adaptive cap’ equity index managed by SSGA
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NewsUS supra-national seeks fixed income options via IPE Quest
The multi-sector mandate should be global and actively managed, and will be housed in a segregated mandate
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NewsNEST names managers for first move into private markets
Amundi and BlackRock will manage roughly 5% of the DC master trust’s default funds with inflows expected to start in October
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News
Fresh QE likely to boost corporate bonds, say managers
Mario Draghi’s final appearance as ECB president bought a 10-basis-point rate cut and open-ended quantitative easing
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NewsPensionDanmark cuts bonds, adds to real assets in face of low yields
Interim report reveals PensionDanmark’s highest ever first-half return, but CEO Torben Möger Pedersen warns of low and negative yields
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NewsCould holding negative-yielding bonds clash with fiduciary duty?
Cambridge Associates says trustees and pension fund managers should review LDI mandates and passive government bond allocations
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FeaturesFixed income, rates, currencies: A bleak outcome
This year’s summer tensions in shallow markets have again been apparent. The fallout from the trade dispute between China and the US is having a global impact. Together with economic weakness almost everywhere, a global policy easing cycle could be imminent.
