USS: how to manage inflation risk
USS's head of dynamic asset allocation Bruno Serfaty reflects on the inflation risk coming down the track, and suggests ways investors can build alternative liability matching portfolios beyond government bonds.
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Bridgewater: MP3 to influence everything
Rebecca Patterson, Bridgewater's director of investment research, says MP3 is the new backdrop that will influence all outcomes in 2021 with the medium term characterised by low interest rates and the possibility of higher inflation.
Biden’s focus: Climate, China and Jobs
PGIM's chief economist and head of global macroeconomic research, Nathan Sheets, outlines what Biden's priorities will be and how his key appointees will lead their departments. He also explains why he believes inflation will remain low and that investors will increasingly move into risk assets.
Investors divided over inflation
Asset owners from 23 countries are reacting differently to inflation expectations, with almost half already hedging their portfolios but 20 per cent consider inflation is unlikely.
Infra models under the spotlight
A nuanced environment for modelling cash flows and discount rates in infrastructure comes at a time when pension funds globally are looking to invest more heavily in the asset class. So what should investors be looking out for?
Central Banks limited in next downturn
Coordinated fiscal and monetary policy threatens central bank independence and raises the odds that fiscal policy will be overused, igniting inflation. And investors will have a window of opportunity to pick up select real estate and infrastructure investments at recessionary prices.
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