Latest from IPE Magazine – Page 113
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FeaturesBriefing: A safe haven
Treasuries, the yen, and gold all traditionally serve to harbour investors in times of stress. A closer look at the current demand for Treasuries, however, paints a complex world view with implications for financial markets. Yields suggest it might remain ugly for another decade.
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Country ReportAustria: Time to step up
The new coalition government faces a difficult challenge in delivering long-anticipated occupational pension reform
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Special ReportPensions tech: Digitising the world’s most global pension fund
The UN is using technology to transform bureaucratic processes in its pension scheme
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FeaturesFixed Income & Credit: Potential for adventures
Emerging-market local-currency corporate debt is under-explored by global investors
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Special ReportGreen bond issuance: Denmark's split offering
The Danish government is keen to employ tradeable green certificates, which are designed to broaden the appeal of environmental debt, in its initial green bond issuance
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FeaturesFixed Income & Credit: Loan covenant high tide?
Fitch Solutions outlines just how far covenant terms have steadily shifted in borrowers’ favour – at least until coronavirus hit
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Opinion PiecesUnderstanding the pandemic’s impact
When facing a serious threat it pays to remain as calm as possible. The temptation to panic is inevitably strong but it should be resisted.
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Opinion PiecesThe case for a UK sovereign wealth fund
In November 2012 I suggested in an article in IPE that the UK should set up a sovereign wealth fund. The House of Commons had a parliamentary debate on setting one up in December 2016* and included the IPE article in the background papers. Unfortunately, Brexit overshadowed all else, but now that it is done, there may be a case for revisiting the arguments.
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Opinion PiecesLong Term Matters: Investing in an age of pandemics
Pandemics are master classes in managing existential uncertainty. Being overwhelmed is ‘normal’. Here are seven actions that we can take as citizens and investment professionals. The focus is on the US and the UK: their governments are floundering. The unravelling in the US is dangerous for investors. Both the UK and the US are very responsive to the financial sector.
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FeaturesResearch: The new benchmarks
Sustainability is set to become the gold standard of investing
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Special ReportStrategically Speaking: HSBC Global Asset Management
As the financial markets enter uncharted territory, HSBC GAM could be well placed to take advantage of the dislocations in Asian and emerging markets. Its aim, though, is to offer investors the full spectrum of fixed-income solutions, says Xavier Baraton, global CIO for fixed-income private debt and alternatives.
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AnalysisCoronavirus: Pension funds take comfort from relative health in turbulent times
European pension funds have underlined their position as long-term investors as they face unprecedented market turbulence and an economic downturn.
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Book ReviewBook review: Radical Uncertainty by John Kay and Mervyn King
Within the terms of their own analysis, the authors of Radical Uncertainty might be remembered for a prescience they could neither possess nor aspire to
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Opinion PiecesBe prepared for the future
As 2019 came to an end, there were a number of risks that investors around the world would have to watch out for – Brexit negotiations, the US election, the trade war between China and the US – but nobody could have guessed that the COVID-19 pandemic was to come.
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Opinion PiecesLetter from a country in crisis
Empty streets and squares are not a usual sight in Italy, a country whose people love to socialise. The deadly COVID-19 pandemic has even taught Italians to make orderly queues outside supermarkets. The reality is that while Italians are not good at prevention, they are outstanding at reacting to emergency situations, thanks to their experience dealing with earthquakes and other natural disasters.
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InterviewsHow we run our money: AP2
Lars Lindblom (pictured), global fixed-income manager at the second Swedish buffer fund, talks to Carlo Svaluto Moreolo about the fund’s evolving green bond investment strategy
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InterviewsOn the record: Green bonds
IPE asked two Nordic pension funds how they invest in green bonds and to what extent sustainability is considered part of their fixed-income strategies
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AnalysisPensions accounting: IASB faces disclosure tussle
The story of the latest work by the International Accounting Standards Board (IASB) on pensions disclosures starts last July when the board agreed on two specific disclosure amendments that it wanted to make to International Accounting Standard 19 (IAS 19), Employee Benefits.
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Opinion PiecesLetter from US: The Democratic agenda takes shape
“On day one, [Joe] Biden will use the full authority of the executive branch to make progress and significantly reduce emissions. Biden recognises we must go further, faster and more aggressively than ever before, by (among other things) requiring public companies to disclose climate risks and the greenhouse gas emissions in their operations and supply chains.” That is Joe Biden’s ‘Plan for a Clean Energy Revolution and Environmental Justice’ as it appears on joebiden.com, the official campaign website.
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InterviewsUK auto enrolment: The architecture of a reform
The UK’s auto-enrolment policy has been successful. But this success has been no accident, as a new research project shows
