Asset Allocation – Page 139

  • Features

    Keeping the focus sharp

    January 2007 (Magazine)

    The main business of Principal Global Investors, a US asset management company with headquarters in Des Moines, is pension funds. Principal manages the assets of 10 of the 25 largest pension funds in the US and more than two thirds of its $180bn (€134bn) assets under management belong to pension ...

  • Special Report

    Microfinance enters the mainstream

    January 2007 (Magazine)

    Over the years, microfinance has emerged as a profitable business opportunity and a way to build local economies. When Dutch pension giant ABP, the scheme for civil servants, placed €5m in the Dexia Micro-Credit fund last year it was a sign of growing interest in this type of investment among ...

  • Features

    McCreevy endorses second pillar pensions

    January 2007 (Magazine)

    Ageing populations; shrinking work forces, are putting intense pressure on state pensions. This is driving change throughout the whole pensions system: The relationship between the state and its citizens; the nature of the pensions promises made by employers to their employees; the design of private retirement saving products. The pressure ...

  • Features

    The disruptive power of innovation

    January 2007 (Magazine)

    In the second of the series, Amin Rajan and Jervis Smith argue that beneath the surface of booming markets fund management is changing irrevocably

  • Features

    Time to cross the frontier?

    January 2007 (Magazine)

    There are over 350 frontier stocks that can be considered investible according to Constantine Papageorgiou, so a commitment to this market at an early stage could be well rewarded

  • Features

    Face of sector to continue changing

    January 2007 (Magazine)

    IPE asked three pension funds – in the Czech Republic, Denmark and the Netherlands – the same question: ‘What challenges and opportunities do you expect to face in 2007?’ Here are their answers:

  • Features

    Building stronger portfolios

    January 2007 (Magazine)

    Pension funds should build stronger portfolios to brace themselves for worst-case scenarios rather than just researching them a panel discussion ‘Where are the markets moving and how to react’, that was moderated by Karel Stroobants, chairman of Akkermans Stroobants & Partners. “We were too often disappointed by diversification when we ...

  • Features

    Equities excel while bonds underperform

    January 2007 (Magazine)

    October was characterised by the improving performance of the stock markets, as indicated by the above average returns of the S&P 500, while volatility remained at the same level as the previous month, still close to its historical lows. Bond market performance declined again, reaching a low, but still positive, ...

  • Features

    Optimising beta

    January 2007 (Magazine)

    Institutional investors may be missing out on the full benefits of a core-satellite approach to portfolio investment because they are using broad market indexes as benchmarks for the core and failing to optimise the passive part of their portfolio. This was the central message of Noël Amenc, professor, finance department, ...

  • Features

    Credit markets set for tough year ahead

    January 2007 (Magazine)

    Yield curve/duration Though the US housing market continues to show significant signs of weakness, prompting economists to downgrade domestic growth forecasts, the US consumer has yet again surprised us by significantly increasing their spending rather than their savings during October. And another shock came in the form of a significantly ...

  • Special Report

    Investing in Africa

    January 2007 (Magazine)

    Despite growing interest for emerging markets, pension funds are still hesitant about them. Peter Hinton, managing director of Enterprise Banking Group in Botswana, says that funds were not yet heavily investing in African emerging markets due to the problem of finding the right investment vehicles or entities for their investment ...

  • Features

    Entering into the 26th regime

    January 2007 (Magazine)

    Proposals for 26th regime pension products come under the critical gaze of the Dutch pension insurers association working party on these products

  • Special Report

    Money with a conscience

    December 2006 (Magazine)

    Robert Rubenstein finds bodies with a social mission reluctant to commit their endowments to social investments

  • Features

    India: a commitment, not just an asset allocation

    December 2006 (Magazine)

    Ian McEvatt of Iceman Capital Advisors believes investors should be exposed to India because it has characteristics which distinguish it among developing markets

  • Features

    Where is India heading?

    December 2006 (Magazine)

    Indian Fund expert Jacqueline Aldhous, manager of the Forsyth India Fund of Funds, assesses the current market conditions and highlights some of her top fund picks

  • Features

    Keeping a lid on volatility

    December 2006 (Magazine)

    While it has a high exposure to equities, the Singapore Management University Endowment fund, safeguards against risk by investing in a wide range of asset classes, writes Richard Newell

  • Features

    When tradition meets modernity

    December 2006 (Magazine)

    The University of Melbourne fund is run along US lines with an ever increasing attention to private equity but it is careful to retain a strong sense of the past, writes Richard Newell

  • Features

    The dynamics of Asia currency

    December 2006 (Magazine)

    Kevin Hebner argues that the key to investing in Asia, including the currency markets, is a grasp of the underlying market drivers