All Equities articles – Page 10
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Opinion
Hedging Brexit: An unfortunate necessity for trustees
Politicians have failed to give pension funds the certainty they need in their preparations for Brexit, and trustees must now attempt to insulate their portfolios against a number of threats, writes Kames Capital’s Stephen Jones
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OpinionWhat is the global market outlook for 2019?
Markets are no longer full of the optimism that greeted 2018’s arrival, with trade wars weighing on the global economy. Nonetheless, long-term investors with dry powder can find reasons to be excited, writes JPMorgan Asset Management’s Karen Ward.
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NewsXerox MNT constituency opened up for all members
The Xerox Pension Scheme has broadened its employed member constituency for member-nominated trustees to include all members, due to the dwindling number of members who are employed by Xerox.
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FeaturesJLT switch to TDF default sees boost in engagement
An overhaul of the default arrangement in the Jardine Lloyd Thompson Pension Scheme’s defined contribution section, switching from a lifestyle arrangement to target date funds, has brought its more engaged members back from their self-select funds.
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NewsThales ups alts for predictable cash flows
Trustees of the Thales defined benefit pension fund have taken steps to move away from listed equities and increased the scheme’s exposure to investments with more predictable cash flows.
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FeaturesBBC matches cash flows after strong 2017 returns
The BBC Pension Scheme has slashed its exposure to equity markets, in an attempt to lock in recent outperformance with liability-driven investment, private credit and alternative matching assets.
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OpinionUK gilts: The inconvenient truth for schemes
From the blog: Gilts have been a perennial favourite for UK pension schemes, not simply for their liability-matching properties, but also because of the returns they have delivered for schemes in years when markets have wobbled.
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FeaturesKent cuts passive equities for private equity and infra
The £6.2bn Kent County Council Superannuation Fund has moved capital from UK passive equities into private equity and infrastructure. The fund narrowly missed its benchmark for returns in the year to March 2018, after underperformance from equity and fixed income mandates.
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OpinionHow will the ageing population affect markets?
Of all the forces set to reshape the investment landscape over the coming decades, one stands above all others – the ageing of the world population.
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Opinion
DC Debate Q3: Updating asset allocations
In the second part of this quarter’s debate, our five DC professionals look beyond the traditional bond and equity portfolio to consider issues including diversified growth funds, alternatives and ESG.
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OpinionThe rise and rise of factor investing
Data Crunch: Factor investing has attracted a lot of attention from the UK pensions industry. Defined benefit schemes have seen factors as a way to diversify their growth assets and achieve greater control of risk, while defined contribution schemes are exploring default investment strategies that may offer better value for money to their members.
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OpinionCrowd control: Avoiding the next quant crisis
Old Mutual Global Investors’ Leif Cussen asks whether a quant crisis could reoccur in today’s smart beta products and what can be done to protect against it.
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FeaturesAvon asset managers warned over poor performance
The Avon Pension Fund has raised the prospect of dropping some of its active managers after a significant period of underperformance.
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OpinionMechanical bulls: the dangers of index capitalism
If the 1980s saw the world move into money manager capitalism, today’s markets are evidence of a new era of index capitalism, whose economic consequences could be severe, write Cardano’s Stefan Lundbergh and the University of Groningen’s Dirk Bezemer and Joeri Schasfoort.
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OpinionDWP consultation will force trustees to take notice of ESG
Pension trustees walk something of a tightrope these days, having to balance maximum short-term returns with being mindful of long-term factors that might affect future performance.
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OpinionChoose wisely – not all DGFs justify their fees
An enormous variety of strategies, risk levels and returns are encompassed under the diversified growth fund moniker. Realistic expectations and careful due diligence are essential if schemes are to pick the right one, writes JLT Employee Benefits’ Jignesh Sheth.
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NewsFTSE 100 steps up derisking drive as deficits shrink
Defined benefit schemes of FTSE 100 employers continue to derisk investment portfolios at a rapid rate, despite mismatching of assets and liabilities generating attractive returns over the last year.
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OpinionWhy equity protection should never be too expensive for schemes
From the blog: Equity protection is back in vogue, with falls in markets at the start of the year putting downside protection strategies front of mind.
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FeaturesElectrocomponents scheme invests in bespoke pooled fund
The UK defined benefit scheme of FTSE 250 distributor Electrocomponents has moved much of its fixed income exposure into a qualifying investor alternative investment fund.
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Features
Should schemes become more eurosceptic?
Analysis: Trustees may be tempted to act upon the past few weeks’ eurozone headlines, which have detailed sweeping geopolitical change across Italy and Spain and frightened investors in the process.