Lifecycle funds, also called lifestage or target date funds, have been around since the early 1990s but didn’t really catch on until after the global financial crisis of 2007-09.
I did another of those Portfolio Therapy questions for the Times over the weekend. The lock-keeper at Hurley jumped me on Saturday morning – brandishing his copy of the thunderer! See what you think!
We introduce a new proxy for measuring corporate bond liquidity, using the price of exchange-traded funds (ETFs) that hold corporate bonds. It measures the average liquidity across 900 corporate bonds every day, many more than other proxies used in previous Bank of Canada analysis. The new proxy nonetheless paints a very similar picture of liquidity conditions and confirms the previous…
The UK's largest listed companies have seen their pension deficits fall by almost a third over the last year, with nearly half of schemes now running a surplus.
Canadian defined benefit pension plans returned 2.7% for the second quarter of 2019, according to the RBC Investor & Treasury Services All Plan Universe. It was a healthy quarterly gain, but not as stellar as the first-quarter returns of 7.2%. However, despite the sharp quarterly decline, six-month returns were a robust 10.2% for the plans.
There’s always a flight to quality when there are stresses in the market, and at this point in the cycle institutional investors should focus on the quality of market and the quality of real estate, says JP Morgan's Asset Management's Ann Cole. The post Aussie investors should diversify into quality US real estate appeared first on Investment Magazine.
The endemic use of headline returns to pit a superannuation fund's performance against another has renewed calls for a fairer, like-for-like comparison that focuses on risk as the key metric.
Absolute return still warrants an allocation in asset owners’ portfolios although investors need to be more selective about how they invest, says Cambridge Associate head, Travis Schoenleber.
The post Absolute return strategies: Down, but not out appeared first on Investment Magazine.
Confectionery organisation Cadbury UK has completed a pensioner buy-in transaction for its defined benefit (DB) pension scheme, totalling £520 million. The transaction, completed with Rothesay Life, insures the pension liabilities for approximately 1,900 pensioner members of the Cadbury Mondelez Pension Fund; the bulk annuity will be held as an asset of the scheme while premiums, […]
The…
Hedge funds suffered one of their worst years on record in 2018, and they underperformed the market for years before that. Managers, however, believe that part of the blame lies with big Wall Street investors that have cramped their strategies.
Pensions and other large investors have helped grow hedge funds from a niche offering for wealthy families to a $3…
Pædagogernes Pension, PBU, the €9.5 billion ($10.5 billion) Danish defined contribution scheme for early childhood teachers is in the process of consolidating and reducing the number of managers in its listed equity portfolio. The decision at the fund which has around 10 large, focused equity mandates is linked to an ambition to reduce the number of companies in the portfolio in the belief that…
Platforms and wraps are a simple and cost-effective way to get access to ASX-listed securities, margin lending, more managed funds than you could ever want, a wide range of term deposits and cash facilities. Here’s what you need to know about them.
Wyoming State Loan and Investment Board, Cheyenne, approved a commitment to one private equity fund and hired six managers, while terminating eight investment strategies, Chief Investment Officer Patrick D. Fleming confirmed in an email.
At its Aug. 8 meeting, the board approved investment consultant RVK's recommendation to commit $200 million to BlackRock's Long Term Private Capital…