Liquidity & Implementation: Liquid beta sleeves: bespoke solutions with index building blocks
By Armit BhambraETFs Guide 2019
Liquidity in a pension fund context can mean a number of things. As long-term investors, pension funds can harvest the illiquidity premia by investing in private markets, which they have been doing increasingly over the past 10 years.1 On the other hand, pension funds are required to meet their liabilities and so need enough liquidity to ensure the payment of benefits to members.