Latest from IPE Magazine – Page 143
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Asset Class Reports
Small Cap Versus Private Equity: Separate arguments
Comparisons of the performance of listed smaller companies and private equity are fraught with difficulty
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Special Report
The market: Tools in tune with the zeitgeist
2018 marks the year that exchange-traded funds (ETFs) dedicated to tracking environmental, social and governance (ESG) issues truly became mainstream
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Country Report
Portugal: The success story
Portugal is an example of how a bailout can turn around a nation’s finances. Sovereign debt has returned to investment grade and is popular again with domestic pension funds
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Features
Waiting for the next downturn
The current global economic expansion continues more-or-less unabated but the potential causes of the next downturn seem clear
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Special Report
Markets: Degrees of development
Asian markets range from frontier and emerging to developed economies
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Asset Class Reports
Investment Process: In search of an edge
Investors have to work hard to gain an information edge to successfully exploit small-cap markets
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Special Report
The market: ETF products and the current market
As the present elongated bull run is beginning to make some market participants nervous, investors should assess which ETF products could help them navigate changing market conditions
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Special Report
Spezialfonds: Assets approach €1.5trn
Securities Spezialfonds assets are approaching a €1.5trn high water mark
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Features
A retirement storm is coming
Stormy weather caused disruption for delegates at last month’s Longevity 14 conference in Amsterdam – and discussions lingered on metaphorical storm clouds ahead for retirement systems around the globe.
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Special Report
The market: M&A activity in European ETFs
The European ETF industry is still relatively youthful compared with its US counterpart, but already there have been significant mergers and acquisitions
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Special Report
India: Promising signs for the future
Recent economic reforms and structural changes have created a positive outlook for India
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Special Report
The market: Understanding the ETF landscape and flows in Europe
April 2018 marked the 18th anniversary of the listing of the first ETF in Europe. Although no longer a new product, their growth rate continues to be impressive
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Special Report
The market: Transatlantic invasion
The Americans are coming! But unlike the US cavalry providing an 11th-hour rescue in the last reel of an old-time Western, these Americans are moving in on what they hope will be a lucrative European ETF market
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Special Report
Implementation: Five myths about ETFs debunked
Over the years, exchange-traded funds (ETFs) have attracted their fair share of criticism from market participants, regulators and investors
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Special Report
Implementation: The future is active
While passive ETFs continue to dominate flows, active ETFs are one of the factors that will drive further growth in the sector
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Features
Accounting Matters: Drawing a line in the sand
Standard setters’ focus on risk-sharing pensions recalls previous abandoned attempts to reconcile non-DB and DC accounting approaches
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Opinion Pieces
Long-Term Matters: Disruptive change is coming – which side will you choose?
Paying good pensions is a noble purpose but much less so if investors, inadvertently or otherwise, help create a world that is not worth living in
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Opinion Pieces
Letter from Brussels: Focus on pension products and supervision ahead of elections
Tensions are rising in Brussels as the EU institutional mandate approaches its end ahead of the Parliamentary elections in May 2019, and the Commission has already ceased issuing new proposals in the absence of legislative time.
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Features
Passives will move centre stage in the core-satellite model
Like digital brands, passive products will continue to benefit from the network effect, in which a product or service is perceived as more worthwhile the more people use it. The classic example is the telephone: a growing user base enhances the value to each subscriber.
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Features
Ten Years Since Lehman: Reflections on the crisis
These are edited extracts of interviews with key investment figures on the fallout since the financial crisis of 2008-09