Bonds

Featured Story

HOOPP eyes bonds as source of incredible return once again

Given current levels in real interest rates, real return bonds (namely Canadian government bonds and US Tips) represent an “incredible” return compared to the underlying risk and Canada's HOOPP plans to build on its exposure.

Sarah RundellMarch 23, 2023

Investor Profile

Switzerland’s Publica hit by equity, fixed income correlation

Hit by last year's unusual correlation between equities and bonds, and in a bid to avoid higher long-term inflation, Switzerland's €45.6 billion Publica kick-starts a new strategic asset allocation that will reduce the bond allocation and result in a search for new managers.

Sarah RundellJanuary 24, 2023

Featured Story

USS: Low leverage and US exposure helped navigate UK bond market turmoil

Speaking at USS’s 2022 Institutions’ Meeting, Simon Pilcher told stakeholders that the asset manager had navigated market turmoil in the UK bond market by having less leverage than peer funds and diversification, explaining USS also hedges inflation and interest rate risk with US bonds.

Sarah RundellDecember 21, 2022

Asset Classes

Positive stock and bond correlation will make portfolios more volatile

Today's positive stock-bond correlation means balanced portfolios will be more volatile without the natural hedge that bonds have long provided to stocks.

Ben HurleyDecember 20, 2022

Investor Profile

Posting bonds not cash as collateral: Belgium’s KBC on LDI

Belgium’s KBC Pensioenfonds, the pension fund for the banking and insurance group, runs a large LDI programme. But unlike UK pension funds who had to fire sell assets to post margin during the recent gilt crisis, KBC can post bonds, not cash, as collateral.

Sarah RundellDecember 15, 2022