All Special Report articles – Page 79
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Africa: Real estate opportunities
Daniel Metcalfe outlines the development of commercial real estate in sub-Saharan Africa, which is increasingly a story of tight supply
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Investing for Income: The other vampire squids
Are yield-hungry institutions and the circling sharks of the activist world sucking corporations dry? Martin Steward asks investors how they see their responsibilities
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Investing for Income: Good value, high quality
Charlotte Moore explores the factor risks inherent in various strategies designed to generate equity income
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Investing for Income: Executive pay, shareholders and the economy
Skewed management incentives have encouraged companies to give lots of cash back to their shareholders, writes Andrew Smithers. But this will be damaging to the economy and to long-term investors
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Investing for Income: Cash is king
The background to this month’s Special Report is the confluence of several tremendously powerful forces acting on both the preferences of capital and the enterprises that are the destinations for that capital.marin
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Investing for Income: Corporates worldwide turn on the cash taps
The years since the financial crisis have seen global company dividends and share buybacks increase markedly, for reasons both good (earnings recovery) and not so good (caution about investing for growth). Lynn Strongin Dodds surveys the new landscape
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Investing for Income: A cache of cash
The tech sector has amassed historic levels of cash but distributes very little of it. Joel Kranc asks whether current management can help the sector look at its model differently
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Investing for Income: Buy, buy love?
Companies can return cash to shareholders via dividends or the more contentious share buybacks. Jennifer Bollen asks who are the real beneficiaries of a buyback programme
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Investing for Income: The futures look bright
Emma Cusworth finds investors looking for pure dividend bets and an illiquidity premium willing to take the other side from the traditional bank players in dividend futures trades
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Europe’s Pension Consultants: Are fees wasted?
After a recent academic paper raised serious questions about consultants’ competence in manager selection, Gail Moss talks to the industry about the nuances of the research and the defence of their practices
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Europe’s Pension Consultants: Talking heads
IPE put some questions to pension consultants and fiduciary managers, here is a selection of their views
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Europe’s Pension Consultants: Shifting plates
Liam Kennedy questions Chris Ford about ideas, advice and implementation in a changing consulting industry
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Special ReportSmart beta: A genuine revolution
Remember 130/30 funds? Most investment journalists do, because they delivered one of those periodic lessons in a major peril of their profession – getting caught up with next hot product
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Smart beta: Blurring the lines
The smart-beta or factor revolution is breaking down the boundaries between active and passive management. But Brendan Maton finds this introducing as many new questions as solutions
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Smart beta: A match made in smart-beta heaven?
Combining fundamental indexation and minimum variance appears to smooth out the bumpy ride usually associated with harvesting the value-risk premium, finds Charlotte Moore
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Smart beta: Collecting the premiums
Martin Steward spoke to Denmark’s PKA about its pioneering approach to extracting risk and return from equity markets – and beyond
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Smart beta: A question of governance
Andrew Ang and Alfred Slager shared the stage at a recent seminar. Martin Steward reports on how the debate has moved from the ‘if’ questions to the ‘how’
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Smart beta: Every drop of return
Martin Stewardspoke to the Environment Agency Pension Fund, 2013 IPE Award winner for smart beta, about its adoption of diversity weighting, fundamental indexation and low-volatility strategies
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Special ReportThe smart beta family tree
The range of new forms of ‘beta’ can leave investors bewildered. Martin Steward’s illustrative taxonomy offers a flavour of how these solutions might be categorised and how they relate to one another, and lists the key research papers that first described each methodology.
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Smart beta: Smart investing or smart trading?
There are limited ways to explain the excess returns that smart beta generates over the market portfolio. Martin Steward uncovers a world of contention over which are the most important
