The election and the virus could trigger another stock slump, says strategist Christopher Harvey.
Coronavirus – COVID-19
An extra 300,000 fatalities for seniors could raise the figure to 4.7% by year’s end.
The fund’s portfolio has added nearly $15 billion in value since markets tumbled in March.
Funding will go toward 4,000 units that will be listed as market-rate, workforce, and affordable in one of the nation’s most costly housing markets.
Goldman Sachs warns that a big swatch of the jobless will end up staying that way.
Report finds ‘overly optimistic’ assumed returns are more than 2 percentage points higher than they should be.
The Government Pension Fund Global lost 3.4%, underperforming a benchmark index, largely thanks to its roughly 70% allocation to equities.
The pension plan, which closed its books in March, had incrementally dialed up an allocation to conservative assets.
Commonwealth’s McMillan sees encouraging pandemic data, and thinks the recovery can continue.
Report bases economic outlook downgrade on no renewed lockdowns.
Equities rally helps spur strong quarterly gains.
EIOPA warns that persistent low rates pose a ‘systemic risk’ for insurers.
The world’s largest retirement system is the lowest it’s been valued in roughly three years.
Research from Aviva finds that some may have to spend more of their life working because of COVID-19.
Larger endowments outperform smaller ones due to less US equity exposure.