More defined benefit plan sponsors are taking advantage of their pensions’ improved funded status — thanks to the bull market in stocks and rising interest rates — by moving assets out of equities and into fixed-income securities. Their goal: Reduce balance-sheet volatility and better match assets with liabilities.
Volatility is not likely to subside to 2017 levels anytime soon, with interest rates on the rise, uncertainty about a trade war in the air and jittery investors ready to react to any hint of good or bad news.
In this round table discussion, Gary Veerman, head of LDI solutions at Capital Group, François Pellerin, an LDI strategist in the fixed-income division at Fidelity Management & Research Co., and James So, a product specialist at Western Asset Management Co., discuss how plan sponsors are approaching pension derisking, what mistakes they often make and what the future holds.
Jeffrey Knight, global head of investment solutions and head of global asset allocation at Columbia Threadneedle Investments, discusses Federal Reserve policy as a driver of volatility, the implications of rising rates on fixed income for multi-asset investors, where he sees investment opportunity today and how volatility has played into his adaptive approach to risk allocation.
One strategy that can offer diversification and exposure to alternative strategies without the cost of supposed alpha is alternative beta. Alternative beta strategies aim to provide investors with absolute returns with low correlation to traditional markets.
The shift of indexes from bank providers to third parties is the culmination of several factors that have built over time, which have driven banks to tighten their focus on core competencies and fostered the rise of independent index providers.
This supplement covers all the major areas of emerging markets that matter to investors: equities, fixed income and debt and, of course, China. In addition, our experts frame the discussion in light of global economic growth, a weakening U.S. dollar and global trade uncertainty.
In this round table discussion, K. Stuart Peskin, investment director at Aberdeen Standard Investments, Danielle Singer, portfolio director, multi asset, at Invesco, and Mark Andersen, senior vice president at Callan’s Trust Advisory Group, discuss the opportunities and challenges for investors, and the outcome-orientation of multi-asset investing strategies for optimal positioning in all types of market environments.
At BMO Global Asset Management, portfolio managers David Corris and Tom Lettenberger said blending quantitative and fundamental analysis can provide investors with better opportunities in any environment.
With the pledges to integrate ESG into investment strategies so prevalent, is there a better way to benefit more directly from the world’s transition toward sustainability, one that produces dependable rates of risk-adjusted return?
This supplement digs into the areas of DC plans that are experiencing the most transformation as plan sponsors and their partners grapple with changing workforce demographics, a greater understanding of retirement readiness and how to best use the QDIA.
Dara White, global head of emerging market equities at Columbia Threadneedle Investments, discusses his 2018 outlook for the asset class, where he sees opportunity, and how he finds worthy emerging markets investments.
Paul Ehrlichman, a managing director, head of global value and portfolio manager at ClearBridge Investments, discusses equity valuations around the world, how he and his team find investment opportunities, bond zombies and why he thinks value investors are better suited for today's environment.
Dan O’Toole, senior managing director and head of institutional investment solutions at TIAA, and Tim Walsh, senior managing director of institutional product at TIAA, discuss how the industry is working to meet retirement income challenges.
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