UK - High yield stocks have retained their value better than low yield stocks over the last 16 years, research by Merrill Lynch Investment Managers shows.
The fund manager pointed out that this contradicted the belief that low dividend stocks grow faster to compensate for a lower yield.
It calculates that between January 1986 to August 2002 the price of the high yield stocks grew by 8.6% per annum, while lower yield stocks rose by 4.7% per annum over the same period.
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).