Owning the largest stocks has historically been a recipe for underperformance over every period, according to value house Pzena, but the madness of benchmark construction means some investors have few choices but to.
A hurricane doesn’t cause a financial crisis, and a financial crisis doesn’t cause a hurricane – so investors are increasingly eyeing the lucrative and uncorrelated returns of the cat bond market.
The industry fund is a cornerstone investor into Fidelity’s new logistics real estate fund, tipping in around A$130 million as it looks to grow its allocation to impact investments.
There’s been good times and bad times for the EM set, but they’ve exited Covid monetary settings well ahead of their developed market peers and their debt is back en vogue.
A second Trump presidency would see a new era of American economic protectionism, according to Allspring, sending inflation higher and global growth lower. And that’s without factoring in potential threats from China and Iran.
The AUD$660 billion M&G has been a “sleeping beauty” down under, and it wants more than the mandate it already runs for the Future Fund. Thinking like an asset owner is part of the equation.
While Japanese equities are back en vogue for the institutional investor set, not everybody is convinced, even as multinationals descend on the country and domestic corporates lift their governance game.
The $82 billion fund has picked up a new head of investment execution with a “wealth of expertise” from Citi Securities Services as it looks to enhance its own investment operation platform.
Super funds should start looking in their own region for private debt investments, according to Muzinich and Co., but the lower-middle market in the US also presents a “once in a decade” opportunity.
The EM story of economic growth and portfolio diversification should work in theory – but what’s worked in practice has been altogether different. Still, gloom around China obscures the many bright spots in a diverse market.
