Fixed Income – Page 45
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News
Divestment data points to cashflow-negative shift for UK pensions
Net outflow marks only fifth quarterly period of disinvestment in 30 years of ONS data
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FeaturesIPE Expectations Indicator January 2017
What a difference a month makes. With the previous indicator poll taken days before the US election, this month’s results illustrate how managers have digested markets’ reactions to the outcome
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News
French pension reserve fund turns its back on tobacco, coal
Engaging with tobacco companies won’t work, says FRR
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News
ECB seen as tapering, as 'nuanced' bond-buying decision announced
Bank to continue to buy bonds under asset purchase programme after March but at reduced run-rate
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News
UK roundup: Hymans Robertson, Mercer, PLSA, Environment Agency
Recovery plans called into question, deficits remain stubbornly high, and DB costs soar
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News
PPF: UK funds allocate more than half of assets to bonds
Purple Book reveals asset allocation change, but deficits and recovery plans still problematic
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NewsItalian banks under pressure following referendum result
Prime minister’s resignation could hamper recapitalisation efforts, hurt economic growth, fund managers warn
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News
European institutions to ramp up domestic fixed income, survey shows
Eighty percent of respondents set to increase exposure to asset class
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News
London CIV adds multi-asset, researches equity, fixed income mandates
Next few months could see rapid expansion of pooled funds available to London’s public pensions
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FeaturesIPE Expectations Indicator December 2016
With the US election over, the opportunity of interpreting expectations of managers just prior to it is interesting. There were some interesting changes in the most recent period, but by far the most intriguing was the shifting of expectations to stability in equity markets without significant changes elsewhere.
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Features
Asset Allocation: The big picture
Bond yields have been rising, which is not that surprising given that sharp sell-offs in government markets have been reasonably frequent in the multi-year bull-run
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News
UK Autumn Statement: Dividend tax clawback could boost equity returns
Chancellor Philip Hammond proposes ‘modernisation’ of dividend tax, expands Gilt issuance
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News
Strathclyde awards £450m in multi-asset credit mandates
Mandates in line with UK council pension fund’s alternative fixed income approach
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News
UK looks to bring in new inflation measure
CPIH introduction next year raises possibility of new Gilt issuance, public sector pension changes
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News
US election: What does the result mean for monetary policy?
A December rate hike in now looks less likely, managers and economists say
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News
Rebounding stock markets help Austrian pension funds turn corner
Schemes return 3.3% on average over first nine months of year
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News
Survey shows average TER of 0.6% at Swiss pension funds
Two-thirds of reported costs stem from portfolio management
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FeaturesIPE Expectations Indicator October 2016
The current survey period captured the end of the summer. The number of managers voicing concern about interest rate policy is high. However, the current environment has yet to reflect the alarms of many major investors and the survey results indicate most managers expect little dramatic near-term movement. Whether it is not yet the season for action, or investors expect the status quo to continue, is yet unclear.
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Special Report
Emerging debt attractions
Institutional investors have under-invested in emerging market corporate debt so far, but Joseph Mariathasan finds the asset class’s attractive fundamentals mean this may change soon
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Features
Research: The need for retirement bonds
Government-issued retirement bonds with a GDP-related coupon would help redress the savings imbalance by increasing government investment and mitigating the effects of quantative easing on pension funds, Jean Frijns, Theo van de Klundert and Anton van Nunen write




