All Diversified growth funds articles
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NewsDC providers default funds weather ‘torrid’ 2020
A new report from Punter Southall has revealed the best-performing defined contribution default providers during Covid-19, with Nest and L&G leading in the consolidation phase, Smart Pension topping cumulative performance in the growth phase, and L&G Multi Asset doing best in the retirement phase.
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NewsThames Water schemes appoint Redington as adviser
On the go: The £1.7bn Thames Water Pension Scheme and the £770.9m Thames Water Mirror Image Pension Scheme have appointed Redington as their new investment adviser. Separately, over the year to March 31 2021, one of the schemes reallocated some of its assets from a diversified growth fund to corporate credit.
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NewsChurch of Scotland schemes appoint XPS as joint adviser
On the go: The £507.5m Church of Scotland pension schemes, comprising the scheme for ministers and overseas missionaries, the scheme for staff and the scheme for ministry development staff, have appointed XPS Pensions Group as their actuarial and investment adviser.
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NewsNow Pensions pledges to go net-zero by 2050
On the go: Now Pensions has pledged to go net-zero by 2050, while also increasing its investments in sustainable assets.
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NewsFiduciary managers survive Covid scare with strategies intact
On the go: Most fiduciary managers had positive returns in 2020 without needing to change their investment strategies in light of the Covid-19 pandemic, analysis from XPS has shown.
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News
Lambeth scheme appoints multi-asset credit manager
On the go: The £1.7bn London Borough of Lambeth Superannuation Fund has appointed a new multi-asset credit manager. The scheme also intends to move some of its alternative mandates to the London Collective Investment Vehicle.
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NewsDerisking trend ramped up at end of 2020
Derisking trend rampedup at end of 2020Data crunch: Derisking continues to be the word of the moment for defined benefit corporate pension schemes, with bulk annuity deals and the pursuit of low-volatility portfolios ramping up in the last quarter of 2020Enterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: white;font-family: 'Lato', 'Helvetica ...
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Opinion
Has the DGF had its day?
Diversified growth funds have been a staple of UK pension allocations across corporate defined benefit, the Local Government Pension Scheme, and defined contribution schemes since the financial crisis of 2008-09 demonstrated the perils of poorly diversified, heavily equity laden, market dependent investment.
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OpinionHow fiduciary management performance should really be assessed
Recently, there has been much discussion around the performance of the growth assets of fiduciary management clients, with this data being used by some to compare the effectiveness of fiduciary managers.
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News
Poor Q1 returns catch up on risky fiduciary managers
Fiduciary managers with heavily equity-based portfolios suffered the heaviest losses in the first quarter of 2020, as the wide variation in strategies continues to provoke discussion about the right level of growth portfolio diversification.
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News
Third of fiduciary managers disappoint in 2019
On the go: New research has revealed the stark differences between best-in-class and stragglers in the fiduciary management market.
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OpinionHave DGFs had their day?
Data crunch: Diversified growth funds continue to face several challenges, from performance problems to competition from new product types. But despite these obstacles, this is not the end of the road for DGFs, argues Broadridge’s Jonathan Libre.
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News
Fiduciary managers struggle in 2018’s testing markets
On the go: Fiduciary managers significantly undershot their targets in 2018, with underperformance ranging from 6 per cent to more than 11 per cent, according to the first XPS FM Watch report.
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OpinionThe evolution of the outcome-oriented DB investment solution
As the defined benefit market has matured, schemes have increasingly looked to external providers for solutions to the key challenges they face in trying to reach their desired outcome.
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FeaturesLloyds switches DGF for equities in default fund
Trustees of the Lloyds Bank Pension Scheme No.1 have overhauled the default offering for their defined contribution members, ditching a diversified growth fund for a 100 per cent equity allocation in the first years of saving.
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Opinion
DC Debate Q3: Updating asset allocations
In the second part of this quarter’s debate, our five DC professionals look beyond the traditional bond and equity portfolio to consider issues including diversified growth funds, alternatives and ESG.
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Opinion
DC Debate Q3: Getting the right amount of risk in defaults
In the first instalment of this quarter's DC Debate, five experts dive into the appropriate amounts of risk and diversification for defined contribution members at various points in their savings journey.
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OpinionWould your portfolio benefit from a hedge fund allocation?
Multiple institutional investors have brought their sizeable hedge fund allocations under review over recent years, prompting a wider reassessment of the asset class.
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FeaturesAvon asset managers warned over poor performance
The Avon Pension Fund has raised the prospect of dropping some of its active managers after a significant period of underperformance.
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OpinionChoose wisely – not all DGFs justify their fees
Diversified growth funds can be a liquid, low-governance way for smaller schemes to achieve asset diversification. However, their ability to add value from calling markets is questionable, and some funds waiting for a doomsday scenario are missing out on easy market returns.