Asset Allocation
‘Bonds Are Back’: Allocators Eye Elevated Returns
Higher interest rates have turned fixed income from a ho-hum investment into the hot new thing. Just ask LACERA.
Tag: Bonds
Market Moves
Uncertainty Expected to Dominate Global Markets
Major economies ‘remain imbalanced’ with more volatility ahead, WTW finds.
Pensions
Stocks, Bonds—Hah! Wilshire Lays Out a Broader Asset Allocation
Don’t bet on a resurgence for the big two traditional mainstay investments, the consulting firm says.
News
Global Pension Assets Tumbled 17% in 2022, Worst Fall Since 2008
Simultaneous drops for stocks and bonds hit plans in the U.S. and around the world after a long, steady rise, WTW says.
Pensions
Swiss Pension Fund Publica Lost 9.6% in 2022
The $47.8 billion fund, which still outperformed its benchmark, blamed the decline on ‘massive upheaval’ of global financial markets.
Research
How the Investing World Is Changing for Good, and for Bad, per JPM’s Savant
An end to artificially low rates and globalization will have mixed results, strategist Michael Cembalest finds.
Newsmakers
How Bob Doll Makes His Rather Prescient 10 Annual Predictions
The Wall Street heavyweight’s forecasts for each coming year have done well over three decades, coupling conventional wisdom with unorthodox guesses.
Asset Allocation
Stocks and Bonds Should Come Back in 2023, Says Cambridge Associates
The consulting firm explains why, even with a recession, it will pay to overweight equities.
Newsmakers
Guggenheim CIO Scott Minerd Dies
A leading figure in fixed income, he joined the firm at its outset.
Research
Survey: Allocators See 2023 Opportunity in Bonds
Fixed income should benefit from rate increases, Natixis poll finds.
So When Will Stocks and Bonds Un-Link?
It’s a rarity for the two main asset classes, almost always negatively correlated, to perform a duet. Here’s what allocators can do about that.
Asset Allocation
BlackRock’s Suggested 2023 Buys: Investment Grade Corporates and Just 2 Other Bond Types
Still-high inflation and an expected recession call for slighting stocks and most other categories, the asset kingpin advises.
LDI Push to Lower Stock Exposure Reaches Its Destination
The de-risking trend has seen equities cut in half since 2008, to around 30% of assets, and Milliman thinks that’s where it will stay.
Risk
Why Bond Liquidity May Be Headed for Trouble
As Yellen warns of problem selling the obligations, fixed-income volatility resembles that of stocks. Other hazards lurk.
Asset Allocation
BlackRock Touts Its Ideal Asset Mix to Hit Allocators’ Target Returns
The best chance of reaching a 7.5% gain is to go heavily into bonds, its study contends.