Investment Archives - Page 85 of 143 - Pension Policy International

30JunJune 30, 2022

South Korea’s pension fund carried out rare FX hedging this month

South Korea's National Pension Service sold a small amount of dollars on the forward market this month in its first foreign exchange hedging since early 2020, an official at the agency told Reuters on Thursday. The official, who declined to be named due to the sensitivity of the issue, did not disclose any more details such as the timing of the sale and amounts involved. The agency held a combined 312.3 trillion won ($240.21 billion) worth of foreign stocks and bonds...

June 30, 2022

News2022, Investment, South Korea

24JunJune 24, 2022

US. Growing Inclusion of Alts in DC Plans

For defined contribution plan sponsors, alternative investments have become increasingly common. Mega plans—with assets in the billions and hundreds of millions—were historically more likely to include alternatives such as core private real estate. The asset class was most prevalent among large corporate plans, but that has evolved, explains Jani Venter, executive director, defined contribution fund management, real estate Americas at JP Morgan. “Historically, it’s been large corporate and public plans with custom structures that made the decision to include real estate,...

June 24, 2022

News2022, Investment, US

24JunJune 24, 2022

New UK trial seeks to ‘nudge’ people into making greener pension choices

A new trial to encourage people to learn more about making greener pension choices in the UK has been launched. Dubbed the ‘Green Nudge’, the trial will test the impact of behavioural nudges and messages on increasing saver engagement with the sustainability of pension investments and how it could translate into greener pension decision-making. The Department for Work and Pensions (DWP) is working in partnership with the Behavioural Insights Team (BIT), Aviva, Smart Pension and Hargreaves Lansdown to deliver the “nudges”...

June 24, 2022

News2022, Behavioral Science, ESG, Investment, UK

23JunJune 23, 2022

Russia sanctions will hit US pensions

The Pacific Investment Management Co. (Pimco) has warned the U.S. Treasury Department about the fallout to investors from the strict sanctions that are pushing Russia toward default. Executives at the asset management giant told the U.S. Treasury that U.S. pension funds will face losses if fund managers are forced to write down their Russian holdings, according to people familiar with the matter. They also made the point that a Russian default would allow President Vladimir Putin to keep foreign currency...

June 23, 2022

News2022, Investment, Russia, US

22JunJune 22, 2022

UK. High inflation presents ‘tough time’ for schemes looking to invest

High inflation expectations have “surprisingly” led to UK defined benefit (DB) schemes seeing their long-term liabilities fall by around 0.2 per cent over the past 12 months, although the backdrop of rising prices and tightening real wages have resulted in a “tough time” for schemes looking to invest, according to XPS Pensions Group. The latest CPI inflation data, published this morning (22 June), showed that inflation has increased to 9.1 per cent, continuing the trend of rising inflation seen over...

June 22, 2022

News2022, Investment, UK

22JunJune 22, 2022

Japanese corporate pension funds: risks growing for Asia’s emerging markets

Relying on high-growth markets is not showing the results it once did - and the current situation is posing more questions than answers, says one corporate pension fund manager. Corporate pension funds in Japan are struggling to identify the best allocation strategies as the knock-on from distruptive events globally is being felt in Asia's emerging markets, according to leading pension funds. With China’s economy challenged by lockdowns and general repercussions from the Covid-19 pandemic, as well as regulatory interventions that have...

June 22, 2022

News2022, Investment, Japan, Pension Management

21JunJune 21, 2022

US. PennPSERS commits $350 million to alts

Pennsylvania Public School Employees' Retirement System, Harrisburg, approved two new alternative commitments totaling up to $350 million. The $75.9 billion pension fund's board at its June 17 meeting approved commitments totaling up to $250 million to GCM U.S. Partnership Opportunities, a private infrastructure fund managed by GCM Grosvenor, and up to $100 million to venture capital fund Greenoaks Capital Opportunities Fund V, spokeswoman Evelyn M. Williams said in an email. Penn PSERS previously committed up to $100 million to Greenoaks Capital...

June 21, 2022

News2022, Investment, US

17JunJune 17, 2022

US. Stock market’s fall has wiped out $3 trillion in retirement savings this year

The U.S. stock market rout that has put U.S. equities in a bear market isn't just reducing the net worth of billionaires like Elon Musk and Jeff Bezos. It's also taking a toll on Americans' retirement savings, wiping out trillions of dollars in value. The selloff has erased nearly $3 trillion from U.S. retirement accounts, according to Alicia Munnell, director of the Center for Retirement Research at Boston College. By her calculations, 401(k) plan participants have lost about $1.4 trillion...

June 17, 2022

News2022, Investment, Pension Management, Risk, US

15JunJune 15, 2022

US. Recession, stagflation risks top concerns for managers

As the U.S. stock market officially entered a bear market, investor gloom continues to grow as global profit expectations and fears of stagflation reach the highest point since 2008, according to the results of Bank of America's June Global Fund Manager Survey. Of the 300 surveyed fund managers, which oversee a total of $834 billion in assets, expectations of global growth were at a net -73% in June, down from a net -72% in May and reaching a new lowest...

June 15, 2022

News2022, Investment, Risk, US

15JunJune 15, 2022

Hong Kong Pension Pot Shrinks 11% on China Market Turmoil

It’s been a bad year for Hong Kong residents counting on Greater China for their retirement savings. The mandatory provident fund -- Hong Kong’s pension system -- has lost about 11% since the start of 2021, walloped by China’s industry crackdowns and Covid Zero policy, which overshadowed gains in US assets. That erased HK$130 billion ($17 billion) in total, or about HK$28,300 for each account at the end of May, according to researcher MPF Ratings Ltd. The retirement losses add to...

June 15, 2022

News2022, China, Hong Kong, Investment, Political economy

June 2022