Fixed Income – Page 60
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News
Bonds save severance funds falls
[16:50 CET 05-02] AUSTRIA – Mandatory severance pay funds posted a negative return of -1.8% for 2008, which could have been worse had it not been for their large bond exposure.
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FeaturesA driving interest in convertible hybrids
Convertibles are on the agenda. They played a leading role in financing the US railroad boom of the start of the 20th century, and in Japan in the 1980s when the countr y’s issuance represented 40% of the global convertible market. Bank recapitalisation will involve them. Goldman Sach’s agreement with ...
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News
State fund to boost economy through corporate debt
[16:20 CET 28-01] FINLAND – The ministry of finance is to allow the State Pension Fund VER to purchase commercial paper in “significant and solid Finnish companies” as part of a series of proposals to help boost the Finnish financial markets.
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Features
Bond market is the key
Being small and in the middle of the Atlantic make Iceland easy for asset managers to overlook. Its prosperity, fully funded pension system and outperforming equity market mean that it is probably a mistake to do so. “Given the number of people living there it’s an interesting market,” says Peter ...
