All asset allocation articles – Page 7
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OpinionAre DGFs really diversified?
From the blog: Over the past five years, diversified growth funds have generally performed well. In fact, all three median DGF series compiled by Camradata met or exceeded their return targets from January 2012 through December 2016.
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Opinion
How are DB schemes allocating to DGFs?
How are defined benefit pension schemes using diversified growth funds in their portfolios, and how can trustees choose between the various strategies on offer? Naomi L’Estrange from 2020 Trustees, Shuntao Li from Barnett Waddingham, Neil McPherson from Capital Cranfield, Murray Taylor from JLT Employee Benefits, and Percival Station from Pictet Asset Management discuss how pension funds are approaching DGFs.
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FeaturesTfL considers a closer look at carbon exposure
The Transport for London Pension Fund plans to look into ways of analysing its carbon exposure following a member request, as experts stress that schemes need to understand exactly what they are measuring and what further steps they can take.
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Features
Brexit, pooling and transparency: Top investment stories from 2016
Year in review: Investment fees and the impact of Brexit on schemes’ portfolios stood out among the most salient subjects for pension schemes in 2016, while the ongoing low-yield environment prompted funds to seek higher returns and cut back on costs.
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OpinionWhere are the best opportunities for equity investment?
The ebb and flow of equity markets has created winners and losers during the long-running equity bull market. The best opportunities are open to investors ready to take an active and contrarian approach.
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FeaturesComet scheme enters alternatives space
In a bid to improve diversification and returns, the Comet Pension Scheme has added alternatives to its portfolio, as rising deficits and the current economic environment prompt many pension funds to hunt for yield.
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Opinion
Active management of passive funds – a viable strategy for DC?
Since the introduction of freedom and choice, value for money has been high on the agenda for defined contribution schemes. As trustees try to keep on top of costs, could an active asset allocation approach work for schemes with underlying passive funds?
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NewsDe La Rue extends recovery plan and ups bonds
Banknote and passport printer De La Rue has agreed an extended recovery plan with its pension scheme trustees after its most recent actuarial valuation showed an increased deficit of £252m.
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News
Brexit creates opportunity but uncertainty remains, experts warn
Scheme trustees should look to capitalise on opportunities created by the United Kingdom’s vote to leave the European Union, but strategic change should wait until details emerge, experts have said
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Opinion
Can DGFs be used to boost income with low volatility?
Many diversified growth funds were created to achieve equity-like return with lower volatility and risk, but can they be used to boost income? In the third part of our roundtable series, William Bourne of CityNoble, John Nestor of the MCC Pension Fund, Percival Stanion of Pictet Asset Management, Nicola Ralston of PiRho and Pete Drewienkiewicz of Redington discuss.
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FeaturesMPS mines for income with alternative credit and shipping
The Mineworkers Pension Scheme is hunting for income with new allocations to shipping and special situations debt, alongside increased exposure to private debt and property.
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News
Active debt management key to exploiting bond opportunities
Schemes hunting for cash flow in a record-low gilt yield environment are turning to corporate bonds, emerging markets and active management of their debt portfolios, a study has revealed.
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FeaturesNationwide targets 30% in illiquids
The Nationwide Pension Scheme is struggling to find suitable illiquid investments as it targets 30 per cent of its portfolio in the assets, the scheme’s chief investment officer has said.
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FeaturesAsda shops for income streams with £9m cinema purchase
Asda Pension Fund has bought a £9.1m multiplex cinema as part of an ongoing property programme, as schemes continue to lap up real assets for their portfolios.
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Features
GKN continues derisking with £53m buy-in
Global engineering group GKN signed off a second pensioner buy-in during 2015, insuring an additional £47m of pensioner liabilities, as part of a broad strategy to manage asset and liability risk as the group’s UK schemes mature.
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News
Aberdeen transport fund swaps derisking provider in self-sufficiency push
The Aberdeen Council Transport Fund is rushing to replace a derisking solution as it seeks to update its investment strategy and target self-sufficiency.
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Features
Shell diversifies away from equities over market fears
The Shell Contributory Pension Fund has diversified its growth asset portfolio and reduced its equity holdings in response to concerns about the level of risk.
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News
PPF: Driving factors matter for active and smart beta allocations
PLSA Investment Conference 2016: Pension schemes should look into the factors driving their investments when considering allocations to active managers and smart beta, said John St Hill, senior portfolio manager at the Pension Protection Fund.
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NewsPensions Trust leaps into lending gap with £125m private debt commitment
The Pensions Trust entered the private debt space with a commitment of £125m at the beginning of this year, as it looks to use the withdrawal of banks from the sector to generate growth.
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NewsM&S scheme in ample surplus as hedge pays off
The Marks and Spencer Pension Scheme has swung into surplus, thanks to a combination of outperformance of return-seeking assets and full hedging of interest rate risk, the company said last week.