Passive investing
In-depth reporting on passive investment strategies for our pension fund and asset management readers from IPE’s award-winning journalists.
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NewsNBIM talks up active management success, moves to increase SWF’s risk
Manager of Norway’s sovereign wealth fund tells government active management has been more profitable in last five years than before
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NewsSwedish funds agency details upcoming US dual tender, unveils €7bn 2026 plan
FTN says next year’s plan includes procurements for SEK41bn US/North American equity funds, then healthcare/biotech funds and the first fixed income funds category
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Special ReportPass-through voting gains traction
Pass-through voting has been on the rise as asset owners take up opportunities to have more control, but will it strengthen sustainable outcomes or could it weaken collective impact?
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Asset Class ReportsCase study: Pension Danmark focuses on AI, robotics and defence as it weighs up the value of active management
Erik Bennike, head of equities at PensionDanmark, explains the fund’s carefully chosen combination of active and passive management styles
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Country ReportDutch Pension funds see merits and drawbacks in concentrated portfolios
Over the past 15 years or so, the vast majority of Dutch pension funds have largely switched from active management to some form of index investing. But some are now going back to active management and towards more concentrated portfolios.
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AnalysisIPE Netherlands Briefing: PFZW switches to active management
Plus: Caterpillar divestment; French government debt
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Special ReportSweden: Pension reforms aim to reduce complexity and costs
The Swedish government is pressing ahead with further reform efforts ranging from simplifying basic security benefits to curbing opaque fund fees
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NewsDutch Kas Bank scheme swaps concentrated portfolio for index approach
The decision comes after four years of considerable underperformance, with its ‘very restrictive’ ESG policy to blame
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NewsSwedish pensions reform efforts must heed rise of anonymous owners, says AMF
Blue-collar occupational pensions giant says foreign index funds rarely live up to their obligations as owners of Swedish companies
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NewsDutch public transport fund trims concentrated equity holdings
Pensioenfonds Rail & OV has been running an actively managed concentrated portfolio since 2010, but recent performance has lagged substantially
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Special ReportEuropean asset management M&A activity surges ahead
Driven by economies of scale and tightening industry cost pressures, more and more European fund managers are on the acquisition trail
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Special ReportA potential renaissance in active management beckons for asset managers
While the ‘golden era’ of 2012-15 for fund managers may have come to an end, could we be about to see good times ahead for active management?
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NewsLower-carbon bond portfolios outperform benchmarks, finds research
Analysis findings bring into question the legitimacy of having carbon-intensive corporate credit portfolios as the default, says Ulf Erlandsson, AFII’s founder
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NewsPGB switches to fully passive equity investing
The Dutch multi-sector scheme has concluded it is ‘difficult’ to achieve lasting outperformance in liquid markets
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NewsOslo professor to lead new GPFG panel with active management review role
Karen Helene Ulltveit-Moe picked to chair three-strong SWF council established to help ministry decide how NOK18.7trn fund should be run in future
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FeaturesUK court cases spell trouble for passive shareholders
In the Allianz vs Barclays case, passive investors have been denied damages related to investments in companies releasing misleading information
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NewsAPG AM chief vows improvement after ‘below standard’ 2024 returns
The Dutch asset manager’s actively managed concentrated portfolios especially underperformed, posting returns less than half of those of their benchmarks
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NewsVelliv finds new CIO in Nordea AM’s private markets chief
Lea Vaisalo will preside over index-based strategy, whose advent involved exit of alternatives, active equity teams
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InterviewsDenmark’s PFA moves equities closer to benchmark but stays active
Danish commercial pensions heavyweight puts more equity risk into customer profiles, continuing Danish journey to market-rate pension saving
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NewsVelliv drops active equity, alts teams ahead of new CIO, as strategy turns index
Alternatives chief Christoph Junge surprised when whole alts team was made redundant yesterday; Velliv to cut external manager costs
