Fidelity Institutional Asset Management's 11th global institutional investor survey put into stark relief how differently investors in the Americas, Asia and Europe think about important topics such as the role of technology in asset management and asset allocation
A panel of emerging market experts that includes Maria Negrete-Gruson, managing director and portfolio manager at Artisan Partners; Ricardo Adroguť, head of emerging markets debt at Barings; and Claire Franklin, portfolio manager at BMO Global Asset Management discuss the macro-environment, share company and country specifics, and offer insights on where to look past the headlines.
Investment-grade bonds have historically offered a safe haven for institutional investors when the market starts swinging, but this year, the sector hasn't fared much better than other asset classes.
This supplement provides an up-to-date look at markets around the world, from equities to fixed income, currencies and more, as well as the risks and opportunities investors face.
Alternative investments can play an important role if approached in the right manner. Biagio Manieri, managing director at PFM, discusses why alternatives make sense and how investors should think about understanding them.
The global economy faces risks on three fronts, but compelling investment opportunities can still be found in emerging market debt. At Eaton Vance, the team has identified three sets of headwinds: The interest rate environment in the U.S., rising oil prices and a slowdown in China.
As more plan sponsors consider liability driven investment programs, the question of credit downgrades and their impact on an LDI portfolio inevitably arises. Itís an important issue, but more critical than a managerís ability to avoid downgrades is the depth of fundamental research that goes into building an LDI portfolio that can anticipate downgrades and meet a clientís goals.
In this supplement, our panel discusses the different facets of responsible investing, latest advances and the challenges investors face.
While there are some challenges in the current environment, rising rates are a constructive trend for fixed-income investors over the long term, according to Janelle Woodward, global head of fixed income at BMO Global Asset Management.
In this Q&A, Philippe Jordan, president of CFM, discusses the research into the cost and value of ESG, and what can be done to standardize ESG to better measure returns.
Itís been a volatile year for emerging market debt, but conditions have settled down over the last month or two.
That said, institutional investors looking to take advantage of the diversification and return possibilities that the asset class can offer need to fully understand the potential risks from fiscal, monetary and political perspectives ó and they need to be patient.
Having an international allocation has always been important to institutional investors, but today is a particularly good time to look beyond the U.S. to find growth.
A lot of ink has been spilled about the development of China as a global economic power, but for institutional investors, it has remained an emerging market. Not for long, though. Institutions are rethinking their approach to China, and they are considering a dedicated allocation.
Todd J. Cassler, president of institutional distribution at John Hancock Investments, talks about what goes into a multi-manager target-date fund, how the cost compares with other target-date funds, and what due diligence questions plan sponsors need to ask when considering such options.
Itís late in the business cycle and the Fed is tightening. Equities have had an epic run. Investors have been chasing yield in the high-yield sector for years. So whatís next? Where does one look for return?
Most plan sponsors searching for investment managers include some questions about the managersí approach to environmental, social and governance investing in their standard RFP. While these initiatives have long been associated with equity mandates, they are becoming increasingly used in fixed income as well.
Over the past 12 to 18 months, environmental, social and governance investment options have become more available in defined contribution plans, but asset growth has been rather limited. That's likely to change ó and change quickly ó when ESG-based target-date funds become a regular feature on retirement plan fund lineups.
As baby boomers continue to retire in droves and millennial become a larger part of the workforce, defined contribution plan sponsors have had to take a broader look at their plans, with a focus not only on retirement income but also on offering solutions that take a more integrated view of participantsí broader financial life.This supplement provides an in-depth look at the challenges that plan sponsors face today and how they are tackling them.
Here are eight ways you can work with your benefits provider to help you understand the needs of your workforce, design solutions that meet those needs and inspire your employees to take action.
Insights from the front lines of the worldís largest asset owners
This supplement gets to the heart of the matter and digs into the key areas of retirement, budgeting, debt, health costs and insurance to help plan sponsors better understand the issues participants are facing and how best to address them across a diverse workforce.
In this round table, Thomas C. Goggins, senior managing director and senior portfolio manager on the global multisector fixed-income team at Manulife Asset Management, Marty Margolis, chief investment officer at PFM Asset Management LLC, and Don Sheridan, a director on the fixed-income research team at Segal Marco Advisors, discuss the trends shaping fixed-income markets, including inflation and the flattening yield curve, opportunities around the globe and risks that investors need to keep an eye on.
Rising interest rates have made fixed income investing challenging and returns hard to come by. But for managers following a global macro strategy, finding investment opportunities is the least of their worries.
Institutional investors continue to ratchet down their expectations of returns from asset classes. Their long-term need for alpha has led to a greater focus on fees, which in turn is driving their interest in factor investing.
The economic model that has sustained Asiaís emerging markets for 35 years is under pressure. The threat and initiation of trade wars combined with underwhelming performance of the regionís equity markets have driven the point home. But that doesnít mean equity investors should abandon the asset class.
With the U.S. very late in its economic cycle, emerging markets offer an attractive alternative. In this Q&A, Pensions & Investments speaks with Ernest Yeung, portfolio manager for the emerging markets value equity strategy at T. Rowe Price, about the prospects for emerging markets, including the unique opportunities in companies that many investors are missing.
In this round table discussion, Rob Reiskytl, partner, actuarial consultant at Aon, Drew Carrington, senior vice president, head of institutional DC at Franklin Templeton Investments, and Anne Lester, portfolio manager and head of retirement solutions at JPMorgan Asset Management, discuss the opportunities and challenges around retirement income for plan sponsors, how automation may fall short for near-retirees and how to think about fiduciary risks when it comes to retirement income.
With the approaching anniversary of the global financial crisis, an important metric is being reset: the 10-year performance track record. Asset managers will, starting very soon, no longer have 2008 on their 10-year historical performance charts. With its disappearance, an elementary but key gauge of risk management will vanish as well.
Is Value Ready to Turn?
Long period of underperformance may be coming to an end
David Starr, a managing director at PFM Asset Management LLC, takes another look at the risk and management of stable value funds.
Outcome-oriented solutions offer significant potential to enhance risk-adjusted performance across both strong and weak market cycles. Invesco portfolio managers David Millar, head of multi-asset, and Scott Wolle, chief investment officer of global asset allocation, highlight the current trends driving interest in the segment and how these strategies can fit into an institutional portfolio.
At first, investing with an environmental, social and governance focus simply meant not buying certain stocks, such as tobacco or gaming companies. And for some investors, adoption of ESG is still hampered by a lack of understanding around how to incorporate it into a mandate. But for many, the idea of ESG integration is starting to take hold.
One investment topic that rarely, if ever, goes out of style is diversification. But itís not often discussed in the context of target-date funds, and thatís a problem. Diversification should play a central role when defined contribution plan sponsors seek to bolster their retirement programs.
Looking beyond the impact of oil on energy stocks
Manager selection, active or passive strategies and the use of alternative investments are three key issues when considering a multi-asset allocation. In this Q&A, Biagio Manieri, a managing director at PFM Asset Management LLC, talks about the firmís approach to these three areas.
Edward Farrington, executive vice president of retirement strategies at Natixis Investment Managers, welcomed the guidance on environmental, social and governance investing for ERISA plans and said it may, in fact, lead to greater adoption of ESG strategies and funds.
Working with companies on ESG issues can lead to better long-term outcomes for the companies, their employees, suppliers, shareholders and other stakeholders, not to mention the world.
All Content Solutions are published by the P&I Content Solutions Group, a division of Pensions & Investments. The content was not written by the editors of the newspaper, Pensions & Investments, and does not represent the views of the publication, or its parent company, Crain Communications.
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