In this Eye on the Market, Michael provides an update on the credit risk of US states based on their unfunded pension and retiree healthcare obligations.
What investors should consider
An alternative risk premia strategy is itself more diversified than a diversified growth fund or an all-equity portfolio.
The theory of negative interest rates is straightforward, but the practice is not. What do negative rates mean for savers?
The US recovery is now the longest on record. Nobody knows exactly how much longer this expansion will last.
UK pension plans concerned about how to invest in a volatile, late cycle environment may want to consider two practices: continue effective rebalancing and don���t postpone further duration hedging in anticipation of rising rates.
Caught our eye: UK pension buy and maintain strategies could bring demand pressure to sterling corporate bonds
In an already tightly held market for sterling corporate bonds, even modest moves by UK pension funds to adopt buy and maintain strategies could create stiff competition for these assets.