Fixed Income – Page 45
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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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Special Report
High Yield: A risk worth taking
Despite the inherent risks, pension funds are looking to high-yield debt and syndicated loans in their search for above-average returns, as Anthony Harrington explains
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Special Report
Ircantec: Focusing on growth
The French supplementary pension scheme Ircantec’s plan to diversify its portfolio could be hampered by newly proposed regulatory requirements on asset allocation, says Gail Moss
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Special Report
The fall and fall of interest rates
To understand the current low level of interest rates, it is necessary to see it as the culmination of a trend that goes back to the 1980s
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Special Report
Euro-Zone: Unquantifiable QE
The effects of the European Central Bank’s quantitative easing programme are yet to be quantified, leading some to think of it as the world’s biggest ‘experiment’. Caroline Hay reports
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Special Report
UK embraces multi-asset
While multi-asset fixed income strategies have been popular in the UK for some time, European investors are only just beginning to take notice, says Charlotte Moore
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Special Report
Special Report Fixed Income Strategy: No more easy gains
What started as an emergency measure looks like it has become a permanent state of affairs.
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Special Report
Church of England: Showing faith in private debt
Gail Moss explains why the Church of England Pensions Board is putting its faith in the US private-debt sector
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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
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Special Report
US Bonds: The only game in town
The US bond market is benefiting from negative interest rates in Europe and elsewhere. Christopher O’Dea reports
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Special Report
Corporate Bonds: Investment-grade boost
Central bank action in the UK and euro-zone has boosted the investment-grade corporate bond market. Lynn Strongin Dodds examines whether this can continue
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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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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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NewsGerman pension fund tenders senior secured-loans mandate
At least 90% of portfolio must be senior secured, according to mandate on IPE Quest
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News
Hermes attracts cornerstone investor to new direct lending strategy
Asset manager refuses to name institution or disclose whether it is pension fund
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News
S&P proposes green bond, ESG assessment tools
Credit rating agency seeks feedback from investors, other market participants
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FeaturesIPE Expectations Indicator September 2016
As time passes since the UK’s decision to leave the EU, some of the trends of the months prior have returned. This includes: outperforming US equity markets and dwindling faith in US dollar strength against the euro and yen (albeit with some volatility) and in sterling, which continues to drift lower after its post-Brexit decline. Whether managers’ expectations have recovered as quickly as these trends is the subject of this month’s review.
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NewsIndustriens posts 2.7% return aided by strong corporate bond performance
Danish pension fund contributions rise on higher employment in sector
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News
Day of reckoning will follow expansive monetary policy, ATP CEO warns
Head of Danish pensions giant says fund is “very calm” about inflation hedging losses
