All IPE articles in May 1997 (Magazine) – Page 3
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Features
Austria: Venturing from home
The BVP pensions fund, based in Vienna currently invests by far the greatest part of its equities investment outside Austria, given the poor performance of the domestic market, relative to its neighbours.The director of the BVP pension fund, Ferdinand Kernbauer, explains that while the fund has asset allocations catering to ...
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Features
Germany: Hidden attractions of Spezialfunds
The advantages of Spezialfonds for non-German institutional investors are not yet appreciated, argues Hans Karl Kandlbinder
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Features
Slow shift to real assets
The latest William M Mercer survey of the European pensions market confirms that the grip of the bond culture is still the dominant force, writes Fennell BetsonThe assets of the pensions market in Europe are now around $2.8 trillion, according to the 1997 review issued by the investment consulting practice ...
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Features
France: Equities appeal to French investors
French savers are changing their attitude towards risk and long-term investments. The latest survey by Europerformance, which tracks French pooled fund flows and performances, shows that the money market funds haemorrhage continued during the first quarter of 1997. For the first time, reallocation of assets toward equity funds is significant.French ...
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Features
USA: Style analysis brings indexing out of the closet
The recent decline of the Dow to early-1996 levels poses a number of potential problems for US investors.The US equity market is probably the most heavily indexed in the world. Estimates put the level of index-tracking at around 10% of market capitalisation. Around $90bn-100bn of this is in mutual fund ...
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Features
The Amsterdam market
Amsterdam Exchanges is the company formed by the recent merger of the former EOE-Optiebeurs and the Amsterdam Stock Exchange. It began operation on 31 December 1996. Within the structure of the merged entity, new operating company AEX-Effectenbeurs is responsible for the organisation of the public capital market. The company ...
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Features
Poland adopts the Chilean model
The Polish Parliament is expected to pass legislation allowing Chile-style mandatory pension funds to be set up, with contributions in the first year of operation, expected to be 1999, estimated at $3bn.The new funds, in which major domestic and international banks and insurance companies are expected to be shareholders, will ...
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Features
Austria: Government action depresses equities
The Austrian market has been underperforming in comparison with other continental markets where it normally shows a high correlation due to changes in its company taxation.Yet analysts believe that the market could still provide opportunities for stock selection.Paul Severin, head of re-search Austrian equities at Creditanstalt Investment Bank in Vienna ...
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Features
OU thinks again about Sedgwick
The 20-year relationship between The Open University (OU) and its actuarial adviser and consultant Sedgwick Noble Lowndes (SNL) may be about to change. David Prince, the OU’s pension fund manager in Milton Keynes, told IPE: For the first time we are asking ourselves the question whether to appoint Noble Lowndes ...
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Features
ABN takes on Russian equities
ABN Amro has launched a new custody service for equities in Russia with a view to increasing its competitiveness in this emerging market. The Dutch bank is already providing custody for Russian bonds from its Moscow office, which is managed by Oleg Mikhalev. This has been confirmed by Calum MacDougall, ...
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