Asset Allocation – Page 159
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Features
Diversity at a price
Unlisted, multi-manager products are being strongly marketed to smaller investors seeking diversified exposure to real estate. But what about investors’ concerns on liquidity and the extra layer of fees? Rachel Fixsen reports
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Features
Market report: Spanish property funds look to east Europe for new opportunities
Spanish pension funds have only fractionally increased their allocations to real estate over the last decade but Spanish property funds have enjoyed a boom and are now looking at eastern Europe as residential property prices cool off in Spain.
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Features
Waking up to real estate
Hungarian pension funds currently have just 1.15% of their managed assets in real estate. But change is afoot, as Marianna Lukács explains
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Features
Dynamic strategies for pension funds
Are dynamic investment strategies a realistic alternative to static strategies for Swiss pension funds? Can a simplified ALM model be used to evaluate a pension fund’s financial decisions? St Gallen University has just released interesting research on this topic
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Special Report
European SRI tops €1trn
SRI investments in Europe’s nine major markets have increased by 36% over the past three years, according a new report from Eurosif. Jérôme Tagger reports
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Features
Growth and a greater number of products
“There’s life in the old dog yet” ran the title of the lead article in last year’s Spezialfonds issue. How true, how very true: in 2005, the excellent growth by Spezialfonds showed once again that some people had been a little too quick to write them off. In fact, the ...
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Features
A range of approaches
Pension funds have taken an array of approaches to currency management. Some are using pure hedging strategies, while others are adopting active management. Maha Khan Phillips talks to pension funds that think about currency in very different ways.
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Features
European consultancy shapes up for the future
Stricter regulation and disappointing investment performances during the past couple of years have shaken up the inter-relationship between asset managers, institutional investors and consultants. Two independent Dutch and German consultancy firms that are cooperating together explain their reasons against a changing scenario for their businesses
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Features
Amonis spreads diversification net
At Belgian professional medical sector fund Amonis, the equity-bond ratio is exactly level at the moment - quite a change from the ratio before 2000 which was far more heavily weighted towards stocks. “Before then we had about 62% in equities and 30% in bonds,” says chief financial officer Tom ...
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Features
Prospect of yet another reform
Despite several reform initiatives over the past decade, a hefty budget deficit means a further attempt is inevitable, George Coats reports
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Features
A growing appetite
Contrary to the negative impression given by the German financial press private equity investment in Germany is becoming more popular, according to new research.Francesco di Valmarana and Joanna Jordan look at the numbers
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Features
Longevity dulls risk appetite
Growing liabilities and the regulatory regime means pension funds are focusing more on matching assets and liabilities. George Coats reports
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Features
Japan leads government bonds revival
Yield curve/duration ccording to OECD data, it seems that the G7 economies (US, Japan, Germany, UK, France, Italy and Canada) are in the midst of a slowdown, with the US ‘in the lead’ and the European economies joining the trend most recently. With inflation fears lessening, markets have taken significant ...
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Features
Boom or bubble?
Investor interest in the Spanish market is increasing fast as it continues to exhibit healthy growth. But investors must temper their bullishness with some caution as Gail Moss explains
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Features
Logistics: choose carefully
Exponential growth is forecast for Asia’s logistics sectors but investors must do their homework, says Margaret Ng
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Features
Incremental steps for change
In Belgium, pension funds have traditionally taken an even-handed approach to the bond-equity split. And because they weighted their asset allocation neither heavily to debt nor to stocks, there were few changes to make when broader investment opinion came around to their way of thinking. Since the crash ...
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Features
Flexible course to holy grail
New regime aims to attract pan-European funds but there are concerns about increased governance rules, George Coats reports
