Fixed Income – Page 5
-
Asset Class ReportsDenmark’s Lærernes ups its appetite for private credit risk
Lærernes Pension (LP), the pension fund for teachers in Denmark, started investing in private credit in 2018, in small amounts. In 2021 it made a more sizeable strategic allocation to the asset class.
-
FeaturesAnalysts push back on rate cuts
Federal Reserve chair Jerome Powell’s June press conference was, like most careful central bank-speak, open to interpretation. It was possibly slightly dovish with a hint of hawk. However, in the aftermath of the press conference, and following a few busy days of US economic data releases, many analysts have pushed back their forecasts for the number of interest rate cuts this year.
-
NewsSwiss occupational scheme tenders up to CHF1.2bn in bond mandates
The searches are for emerging market debt and US high yield bonds, considering both active and passive options
-
NewsHöchster Pensionskasse VVaG targets direct bond investments, avoids real estate
The pension fund expects real estate valuations to fall in 2024, which could impact dividends from indirect real estate investments
-
NewsNestlé pension fund launches new investment strategy
Under the new strategy, the scheme is reducing its exposure to real estate by 2 percentage points, while increasing its allocation to parallel bonds and listed equities
-
NewsNew guidelines seek to define sustainability-linked loan bond instrument
ICMA body also released guidance for ‘green enabling projects’
-
NewsSwedish funds agency sets soft ceiling on fees, changes tender order
FTN announces changes to its plans and improvements to the process, following lessons learned
-
NewsBVV invests €2.5bn in high investment grade bonds to strengthen portfolio
While its allocation to illiquid investments remained unchanged in 2023, the fund’s exposure to equities was cut
-
NewsBavaria’s civil servants scheme starts to buy short-term bonds
The scheme returned 11.2% last year, with assets under management reaching €4bn
-
FeaturesMarket predicts US soft landing - June 2024
A combination of Federal Reserve chair Jerome Powell’s press conference and a slightly weaker-than-expected US April non-farm payrolls outcome succeeded in flipping the market back to a soft-landing narrative for the US economy. US Treasury bonds rallied sharply, taking other markets with them, while the yen weakened significantly against the dollar before recovering.
-
NewsSwiss schemes turn to corporate bonds as currency hedging costs rise
Currency hedging costs in the bond markets US and EU government bonds less attractive for the pension funds, says Complementa
-
NewsPKBS cuts insurance-linked securities for fixed income, domestic property
teh scheme’s ILS active portfolio posted returns of -4.98% last year
-
NewsGermany’s BVK redefines macro allocations in new investment strategy
As part of its its strategic asset allocation, the fund plans to invest in timber looking at ‘evergreen structures’
-
Asset Class ReportsThe quest for innovation in sustainable fixed income
Japan’s climate transition bond is the latest in a string of innovative developments in sustainable fixed income
-
Asset Class ReportsFixed income: European high yield stands its ground
Investors flocked to the European junk bond market last year and despite a strong US economy, there is still appetite for European issuers
-
FeaturesUS economy continues to surprise
The resilience of the US economy continues to confound observers. The Federal Reserve’s 11 hikes in interest rates over the course of 2022 and 2023 were implemented to rein in economic strength and to stifle inflation. Scroll forward to the second quarter of 2024 and both inflation and economic activity are still higher than expected.
-
Asset Class ReportsClosing the data gap in green, social and sustainability-linked bonds
Luxembourg’s bourse has capitalised on its experience as a green bond hub
-
Asset Class ReportsGreen bonds reach escape velocity
The green bond market looks set to grow further, despite pressure from many sides and key questions over their function
-
InterviewsMerseyside pension fund dials down domestic bias
Scheme’s strategic ambition is to move closer to the MSCI World index weightings
-
Opinion PiecesBond markets look set to become the new stewardship powerbroking arena
Investors in bond markets are starting to assume a more powerful position than equity investors to influence companies and countries. Innovation is sweeping through bond markets with the introduction of specific ‘use of proceeds’ bonds and sustainability-linked bonds.
