Latest from IPE Magazine – Page 521
-
Features
Swaption case study for pension funds
Partly as a result of the introduction of the new Financial Assessment Framework (Financieel Toetsingskader – nFTK), pension funds are monitoring interest-rate risk. An average Dutch pension fund has a duration mismatch between its liabilities and its fixed-income investments. Several solutions have been suggested which includes buying long-dated bonds, LDI-funds ...
-
Features
On the added value of fixed income tactical asset allocation
Why would one pursue an active allocation investment policy within a fixed income portfolio? The overall risk of the fixed income portfolio is low compared to the other traditional asset classes. Even the most risky fixed income asset classes like Emerging Markets and High Yield have a volatility which is ...
