Fixed Income – Page 8
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NewsPKSF invests CHF2bn in sustainable funds, appointing manager trio
Swisscanto, Lombard Odier Investment Management and UBS Asset Management were awarded the mandates
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Special ReportTop 10 European pension funds raise equity and bond exposure
Pension funds in most European countries recorded strong returns of between 6% and 9%, according to preliminary figures published this summer by the OECD.
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FeaturesIPE Quest Expectations Indicator - September 2024
Kamala Harris’ candidacy has turned the political mood in the US. The two candidates are very close together in the polls but while Trump’s score is stable – except for a worsening favourability – Harris’ statistics all show a positive trend.
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Special ReportIndia makes its debut in key government bond index
Their inclusion in the JP Morgan index makes government bonds more accessible to foreign investors
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InterviewsPension funds on euro fixed income: navigating the rate cycle
We asked pension funds in Spain, Germany and Finland about their current views on European fixed income and credit as the ECB looks carefully at the timing and sequence of its rate cuts
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FeaturesFears grow of US slowdown
US president Joe Biden’s decision to step aside was much murmured about following his disastrous performance in a debate with Donald Trump, but it was still a surprise when he announced his decision. However, market reactions were relatively muted, despite shaking pollsters’ predictions on who might now win the election.
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Country ReportUnderstanding France’s new second-pillar regime
IORPs have now taken root in France as providers have shifted from the previous insurance-based regime, but allocations to fixed income remain high
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NewsAlecta continues to improve governance and culture, posts 7.7% H1 return
First half of 2024 ‘has been marked by the events in 2023 that damaged confidence in us’, says Swedish pensions giant
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NewsFinland’s big three pension funds uneasy about outlook, after H1 5% returns
‘The end of the year already looks considerably more restless,’ says Keva CEO Jaakko Kiander
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NewsNorway’s SWF underperforms and sees declining returns in second half
Equities were only asset class to produce positive returns for GPFG between January and June, interim report shows
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NewsGerman church scheme shifts strategy towards bonds in developed countries
As a result, equity investments were cut, particularly European stocks
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NewsEvonik’s Pensionskasse revamps fixed-income portfolio
For the move, the pension fund held back on real estate and infrastructure investments
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NewsInarcassa reshuffles global government bond portfolio
The scheme invests €2bn in government bonds, mainly in Italian fixed income
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NewsImpax Asset Management to acquire fixed-income firm SKY Harbor
Following the completion of the acquisition eight SKY Harbor team members including senior executives will join Impax
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NewsBayer Pensionskasse invests €950m in fixed income
The scheme pushed for investments in interest-bearing registered securities to keep the weight of the asset class stable in the long term
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NewsAt retirement DC phase lagging on sustainability, says Barnett Waddingham
Consultancy also reports big gap in 2023 returns between worst and best DC providers, led primarily by strategic asset allocation
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FeaturesAnalysts push back on rate cuts
Federal Reserve chair Jerome Powell’s June press conference was, like most careful central bank-speak, open to interpretation. It was possibly slightly dovish with a hint of hawk. However, in the aftermath of the press conference, and following a few busy days of US economic data releases, many analysts have pushed back their forecasts for the number of interest rate cuts this year.
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Asset Class ReportsDenmark’s Lærernes ups its appetite for private credit risk
Lærernes Pension (LP), the pension fund for teachers in Denmark, started investing in private credit in 2018, in small amounts. In 2021 it made a more sizeable strategic allocation to the asset class.
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Asset Class ReportsPrivate credit: How banks are joining forces with managers
As the private credit market grows, banks are looking to partner with private credit managers rather than compete with them
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Asset Class ReportsPublic-to-private borrowing is a two-way street
The private credit boom seems to be drawing to a halt as public funding becomes cheaper
