Schemes can get better returns from emerging market bonds by using local currencies, Pictet Asset Management says.
Funds traditionally gain exposure to emerging markets by buying bonds in “hard currencies”, such as the US dollar. But Pictet head of emerging debt Simon Lue Fong said the improvement in fundamentals...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.