Catch-22 and the rise of cash-driven investing
Schemes are becoming cashflow negative at a time they can ill-afford any drag on investment returns. Sorca Kelly-Scholte and Maria Ryan look at solutions to this Catch-22
Many UK defined benefit pension schemes are stuck in a Catch-22. They are mature and increasingly tipping into negative cashflow, with a growing need to pay out cash to meet obligations. But most of them...
More on Liability Driven Investment
UK equity funds suffer £2.6bn August outflows
Outflows from UK equity funds gathered pace in August, with £2.6bn of assets being pulled from the market area over the course of the month, according to Morningstar’s latest fund flows report.
Making the most of dry powder while you wait
Dry powder can be useful for pension scheme portfolios, but to make it attractive schemes need to make sure the assets are both available and not so low return they dilute wider return characteristics. Jonathan Hobbs, Kevin Kneafsey, Matthias Scheiber,...
Federal Reserve: No interest rate hikes until end of 2023
The US Federal Reserve sent out "strong, powerful guidance" on Wednesday (16 September), as it predicted interest rates would stay near zero until at least the end of 2023.
Market Movers Blog: BoE maintains interest rates and QE amid 'unusually uncertain' outlook
In this live blog, Professional Pensions' sister title Investment Week collates all the breaking market news, analysis and opinion on equity, bond and currency movements as well as the impact of trade wars, tightening monetary policy and the Brexit negotiations....
Spot the Dog: Number of underperforming funds jumps by 'staggering' 65%
A record-breaking 150 ‘dog’ funds have been identified in the latest bi-annual Bestinvest Spot the Dog report, with total assets of £54.4bn sitting in these vehicles.
