Gold can play a fundamental role in a portfolio. Our analysis shows that adding 2%, 5% or 10% in gold over the past decade to the average pension fund portfolio would have both increased returns and reduced volatility, resulting in higher risk-adjusted returns.
Pension deficits will not resolve themselves. Billions of dollars have been contributed to fund up plans in 2018. Why? There has never been a better time to make a contribution, close funding gaps, and take steps to meaningfully reduce risk.
Value investing has been bruised and battered over a number of market cycles, but today, institutional investors should look beyond the traditional value metrics and keep a close eye on the macro economic environment, which is shifting to one that will benefit value.
New survey shows multimanager target-date funds are now the majority’s preference What’s behind this sea change in plan design? Fiduciaries directing plan participants to QDIAs dominated by manager concentration risk need to see these survey findings now.
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.
We believe successful investment in international growth equities requires having a differentiated view and a willingness to own overlooked and out of benchmark growth companies. A valuation approach to growth points us to opportunities and contributes to risk management.
China is home to some of the fastest-growing and best-in-class businesses in the world and will be the beneficiary of increased institutional investor positioning in the market as capital market integration continues down its present path.
A growing number of multi-national companies are embracing a globally-coordinated approach to managing their retirement plans. To help you build on your retirement plan vision, BlackRock has created a framework for designing global retirement principles and governance.
One of the key reasons hedge funds rose to stardom was the need for uncorrelated returns. But given the mixed results of hedge funds in recent years, do their merits justify the fees?
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.
We believe today’s automotive industry—more than at any other time in its history—presents opportunities for active managers to uncover value. In this paper, we discuss how advanced driver-assistance systems, ridesharing, and electric vehicles are driving change across the industry.
Introducing Shifting DC Times, a thought-leading publication devoted to supporting your mission — to help American workers achieve a more secure retirement. Each issue focuses on the latest DC thinking and offers concrete ways to turn that thinking into action.
Are multiple factors better than one? Find out why some market participants are allocating to more than one factor at a time, and what types of multi-factor approaches may produce the most targeted, precise exposure.
Is it time to declare that the world’s second largest economy and equity market is an asset class? We developed a framework based on comprehensive research that shows China is more than just an opportunity, it's a strategic investment category.
Historically, many asset owners haven't created separate allocations for microcap. However, that seems to be changing as investors recognize the compelling case for microcap investing, both as a standalone asset class and the role it can play in asset allocations.
In PGIM’s latest white paper, we take a closer look at the escalating tussle between globalization and nationalism, the implications this could have for global financial markets, and how long-term investors may best position themselves to navigate these uncertain times.
PGIM Fixed Income examines how an actively-managed, hedged global bond portfolio can reduce volatility and improve return efficiency relative to a domestic-only, fixed income allocation over the intermediate to long term.
Despite tight credit spreads, Artisan Partners Credit Team believes the benign credit backdrop of strong economic momentum and low default activity should create a favorable environment for high yield investors going forward.
Our Annual Stewardship Report showcases some of the work we undertook in 2017 to enhance diversity at the board level, strengthen board leadership and improve disclosure on sustainability practices.
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All white papers posted were created by the listed authors who are solely responsible for the research, finding and all materials contained therein. Pensions & Investments has not verified or edited the materials (other than for length and style) and does not necessarily agree or disagree with the analysis and positions expressed by the authors. Reference to any company, product or service does not imply recommendation or sponsorship by Pensions & Investments.
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