Falls in the US dollar and Japanese yen have wiped £5.7bn off scheme assets this year, Professional Pensions can reveal.
Figures provided by BNY Mellon Asset Servicing show that UK schemes hold around 10pc of their total assets in US equities and 4pc of their portfolios in Japanese shares. These scheme holdings ar...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date