mast image

Special Report

ESG: The metrics jigsaw


Conservatism shows in bond focus

Pension fund investors in Italy remain conservative, with only around 20% of total assets invested in equities. Focusing on the new closed-end pension funds, according to data from Covip, the industry’s supervisory board, at the end of 2001 75% of total assets were invested in fixed income vehicles. Italian bonds attracted around 45% of total pension fund assets and Euro-land bonds accounted for 22%, with the total exposure to domestic fixed income vehicles representing around 67% of the total portfolio. Foreign bonds amounted to around 8% of total assets, most of them invested in non-Euro-zone European countries.
On the equity side, only 3.8% of total assets were invested in Italian stocks, and 7.7% in other countries in Euro-land. US equities attracted around 5% of total pension fund assets, with around 2% invested in European counties outside the Euro-zone. The total exposure to foreign equities represented around 8% of total assets.
The graph shows only the portfolio split of the new occupational closed-end funds.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2575

    Asset class: Core Real Estate Muli-Manager Separate Managed Account.
    Asset region: Global.
    Size: CHF 150m.
    Closing date: 2019-12-20.

  • QN-2578

    Asset class: Sovereign Local Currency Emerging Market Debt.
    Asset region: Local emerging markets.
    Size: EUR 950m.
    Closing date: 2019-12-19.

  • QN-2582

    Asset class: Emerging Market Corporate Debt Hard Currency Investment Grade.
    Asset region: Emerging Markets.
    Size: USD 40 – 60 m.
    Closing date: 2020-01-07.

Begin Your Search Here