Investment Strategies – Page 20
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Special Report
Currency: Riding the ‘Redback’
China’s renminbi is set to become one of the world’s major reserve currencies. Philip Poole anticipates more supply of RMB-denominated bonds to foreign investors to fuel that project O
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Special Report
Currency: The future of the renminbi
Routes other than ‘dim sum’ bonds might make more sense for exposure to China’s currency over the short term, suggests Hayden Briscoe
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Asset Class Reports
Global Equities: An information edge
Few still believe that equity markets are efficient. But no-one thinks they are that inefficient, either. Martin Steward speaks to four asset managers who believe they have a proprietary information edge over the run-of-the-mill research process. Two exploit the wisdom of individuals; and two the wisdom of crowds
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Asset Class Reports
Global Equities: Harvesting risk premia
Dimitris Melas notes that institutional investors focus more on the selection of active managers than on the selection and combination of risk premia, despite growing evidence that risk premia contribute more to the long-term performance
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Features
A central Asian hub
Kazakhstan’s pension reforms are a success and the country has a sophisticated financial set-up, writes Iain Morse
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Asset Class Reports
Global Equities: Beta made better
Martin Steward asks why some investors are treating long/short equity as an ‘equity replacement’ – and what practical challenges face those who do so
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Features
Catastrophic year is a signal to buy
More pension funds are investing in insurance-linked securities. Daniel Grieger and Kristina Poliakova argue that recent natural catastrophes have made them even more attractive
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Interviews
Clear signals in the fog
When IPE first spoke with Ian Heslop about the post-crisis refinements that Old Mutual Asset Managers (OMAM) had made to its quantitative equity models, it was June of 2011. The sun was shining – literally, and (for quants) metaphorically, too.
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Special Report
Currency: Coming together in a crisis
Far from prising the euro-zone apart, Frank Velling argues that current traumas will bind members closer together
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Special Report
Currency: A game of relativity
The Swiss National Bank’s most recent intervention brought blessed relief to Switzerland’s pension funds. Emma Cusworth assesses the trade-off between capitulation to haven hunters and rising inflation
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Special Report
Currency: The real thing?
Using emerging market currencies to exploit the ‘Balassa-Samuelson’ hypothesis is a seductive idea, writes Martin Steward. But it might not work in a new world of ‘inflation tolerance’
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Features
(Really) high yields
Dramatic repricing has opened up opportunities in high-yield, finds Lynn Strongin Dodds
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Special Report
Public meets private
Infrastructure is highly visible and long term, so investors need to stay in control of ESG concerns. Nina Röhrbein reports
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Features
Still as safe as houses?
Denmark’s mortgage bonds have never defaulted – in 215 years. Rachel Fixsen reports on why questions are suddenly being asked
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Asset Class Reports
Sovereign Bonds: Old certainties crumble
Politics, not economic fundamentals, will determine the future of the developed world’s bond markets. Joseph Mariathasan finds this causing fixed income managers untold headaches
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Asset Class Reports
Sovereign Bonds: Over-priced, over-exposed…
…over my dead body? Despite other options, Martin Steward finds pension funds struggling to let go of core government bonds
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Asset Class Reports
Sovereign Bonds: Dodging bullets
The US downgrade did not rock the foundations of the US Treasury market, and might even have sent a healthy signal to Washington’s elite, writes Emma Cusworth
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Asset Class Reports
Sovereign Bonds: Sustainable sovereigns will pay their way
Balazs Magyar shows that environmental and social, in addition to fiscal sustainability, have had a material effect on sovereign bond returns
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Special Report
Do ESG strategies hurt performance?
Iordanis Chatziprodromou asks if there are identifiable risks associated with general ESG-driven investment strategies
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Special Report
Pharmas in better health
Although improving, the pharma sector still has social and environmental challenges to address. Nina Röhrbein reports
