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Pension funds should derisk now
trueThe improvement of the funded status of corporate defined benefit plans offers plan sponsors and plan advisers a real opportunity to quantify and downsize risk.
NISA: Funded status volatility falls in February after January spike
trueAfter rising to its highest level in four months in January, NISA Investment Advisors' Pension Surplus Risk index fell 50 basis points in February to 9.8%.
Alternative strategies for investors to position their portfolios in a rising rates environment
trueFixed-income markets might be experiencing the calm before the storm. Rather than allowing complacency to creep in, following the normalization of markets after the significant sell-off in the second quarter of 2013, thoughtful investors should at least be thinking of how best to protect themselves ...
Upping the ante on implementation of derisking process
trueMany ERISA pension plans are now implementing specific formulas called “glidepaths” to automatically shift funds to fixed income from growth assets as the plan's funded status increases. The goal, of course, is to reduce funded status risk — i.e., to decrease the chance plan sponsors will face ...
A case for high yield in a rising rate environment
trueLast year, the fixed-income markets saw considerable volatility as participants debated whether quantitative easing was about to end — this was answered in December as the Fed began its tapering program. At the time of writing, U.S. growth dynamics remain favorable and with greater visibility on ...
Fed minutes signal possible changes
trueMembers of the Federal Open Market Committee in January discussed further tapering of their bond-buying program and possible changes in monetary policy, according to minutes of the January meeting released Wednesday.
Ultrashort claims top 2 spots, but high yield maintains domination
trueHigh-yield strategies, along with ultrashort-duration strategies, dominated the list of top-performing fixed-income managers for the year ended Dec. 31, according to Morningstar Inc.'s separate account/collective trust database.
Institutional investors worldwide to rework bond portfolios in 2014 — Casey Quirk, eVestment
trueInstitutional investors globally will look to restructure their fixed-income portfolios this year in response to rising interest rates, according to an annual forecast survey from Casey, Quirk & Associates and eVestment.
Fed picks up the pace of tapering
trueMembers of the Federal Open Market Committee meeting Wednesday decided unanimously to continue slowing the Fed's bond-buying program known as quantitative easing in February, dropping monthly purchases to $65 billion from $75 billion in January.
White House names Federal Reserve candidates
truePresident Barack Obama picked Stanley Fischer and Lael Brainard as his nominees to serve on the Federal Reserve board of governors, the White House announced Friday. Mr. Obama also said he would nominate current governor Jerome Powell for a second term.
Senate confirms Yellen as Fed chairwoman
trueJanet Yellen was confirmed by the U.S. Senate as chairwoman of the Federal Reserve.
Looking back on how capital markets performed
trueEquities busted out, while rising rates helped pension funds, but hurt fixed-income investors.
Bond funds post record $80 billion in redemptions in 2013
trueBond mutual funds in the U.S. posted record investor withdrawals of $80 billion in 2013 as investors fled fixed income in anticipation that interest rates will rise further.
Taper decision may boost interest in fixed income
trueMoney managers' response to the Federal Reserve's decision to cut its monthly bond purchases to $75 billion in January from $85 billion is much more optimistic than it was when the topic first was broached.
Fed to start tapering monthly bond buying in January
trueMembers of the Federal Open Market Committee meeting Wednesday decided to start ramping down their bond-buying program known as quantitative easing in January, dropping monthly purchases to $75 billion from $85 billion.