Asset Allocation – Page 9
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FeaturesReluctance to drop interest rates disappoints the markets
US rates markets entered the year enthusiastically pricing in over 160 basis points of cuts through 2024, and have since had to push back hard on both the timing and magnitude of interest rate cuts now expected by year-end.
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Opinion PiecesUS pension plans wrestle with China private market exposure
After a horrible 2023, Chinese stocks look cheap and attractive. But most US pension funds do not seem interested in investing in the Chinese stock market. On the contrary, they have reduced their holdings since 2020 and some are exiting entirely, according to Bloomberg analysis.
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InterviewsPension funds revisit allocations to China
European pension funds have reduced their allocations to China as the outlook for the country’s economy becomes more uncertain
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FeaturesIPE Quest Expectations Indicator - April 2024
The shadow of the US presidential elections is longer than normal because Trump is under several legal clouds. He could still get barred from participating but that seems unlikely. He does have a liquidity problem, a self-destructive streak, a mercurial character and no credible alternative waiting in the wings, though.
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NewsItalian schemes restructure sub-funds offering, introduce new life cycle option
Fondo Pegaso and Fondenel are restructuring their sub-fund offerings for their members, introducing new life-cycle options
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NewsIIGCC repositions portfolio decarbonisation target as objective in framework update
An update to the sovereign bond guidance, which has evolved with the advent of improving analysis tools and stewardship practices, has also been made
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NewsKeva chief pushes for reform of private sector pension investment rules
Cutting pension spending would not greatly improve dire state finances, says Jaakko Kiander
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NewsGerman institutional investors boost corporate bonds allocation
Investments in government bonds fell from more than 36% to just over 30% of total allocations
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NewsATP agrees with critics that illiquids weighting is too high
Danish pensions heavyweight defends guaranteed model, saying it remains what lawmakers want
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NewsPension funds look to sell real estate investments
Investment-grade bonds and private credit are the most popular asset classes, according to a GSAM pension fund survey
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NewsSwiss Bayer Pensionskasse realigns investment strategy
Allocations to bonds increase, while exposure to mortgages and real estate decrease
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NewsENPAM plans a further €520m investment in private markets
Italian scheme targets domestic private debt, private equity and venture capital allocations
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NewsPensionDanmark reins in equities exposure despite positive scenario
Danish labour-market pension fund blames 2023 underperformance on higher weighting of non-cyclical stocks
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InterviewsERAFP: France’s public sector pension scheme and its key priorities
Susanna Rust talks to Catherine Vialonga, CIO of ERAFP, France’s mandatory additional pension scheme for civil servants, and CEO Régis Pelissier about the fund’s priorities and tactical asset allocation adjustments
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FeaturesContrasting global economic growth fortunes
Economic growth patterns across the world paint a picture of contrasts, ranging from surprisingly robust in the US to soft and struggling in China, with the stagnant euro area narrowly avoiding a technical recession after posting zero GDP growth in the fourth quarter of 2023, following a 0.1% decline the previous quarter.
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InterviewsBiodiversity, the next responsible investment frontier
European pension funds are ramping up their efforts to consider the impact of their portfolios on the loss of biodiversity related to climate change
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NewsVER private assets target unlikely to rise, says CEO
State Pension Fund of Finland grapples with investment strategy implications of new phase of higher outflows
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NewsKENFO underweights oil and gas holdings
It will not provide new financing for infrastructure assets in the oil and gas sector that are not in line with NZAOA targets
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NewsPrivate market investments boost Previmoda’s returns
Project Iris (private equity) and Project Zephyr (private debt) have recorded largely positive returns in 2023
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NewsItalian pension schemes with higher equity exposure outperform, says COVIP
Laborfonds, Fondaereo, and Fopen’s equity sub-funds recorded higher returns in 2023 than peers investing in other asset classes
