In theory, insurers, pension funds, endowments and other long-term investors will match their liability stream with long-term investments in the productive economy. So, over several economic cycles, their investments fund their liabilities, but their investments in government debt also help pay for the roads and schools that benefit current and future members and pensioners. Their equity and corporate-bond investments finance company growth and foster employment. Property and infrastructure investments help them attain real, inflation-linked cashflows, while also financing long-term economic expansion.
Already an IPE Member? Sign in here
For unlimited access to IPE’s industry-leading market intelligence, comprising news, data and long-form content on European pensions and institutional investment.
IPE has created a suite of products and services for Europe’s institutional investment and pensions community.