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Bank of Japan expands QE program in surprise move
trueBank of Japan announced an expansion of its quantitative and qualitative easing program, shocking the currency markets and bolstering stocks.
Fed stops bond buying, stays with federal funds rate near zero
trueThe Federal Open Market Committee’s bond-buying program will end this week, members announced Wednesday at the end of a two-day meeting, citing “substantial improvement” in the labor market outlook and underlying strength in the broader economy.
Money managers tame their expectations on the economy, survey shows
trueMore money managers are adopting a moderate outlook on U.S. economic growth, a quarterly survey by Northern Trust shows.
GARP managers hold firm on EAFE portfolios despite losses
trueSome global growth-at-a-reasonable price money managers are coping with client losses stemming from underperforming Europe, Australasia and Far East strategies.
Fed sees pickup in economic growth
trueMembers of the Federal Open Market Committee expect faster economic growth in the second half of 2014 and in 2015 under current monetary policy, according to minutes from the September meeting that were released Wednesday.
Appetite for yield is driving demand for real estate, say panelists
trueThe hunt for yield is driving global investors' interest in adding real estate to their portfolios and creating selling opportunities for holders of core property portfolios, said speakers at the Pension Real Estate Association's 24th Annual Institutional Investor Real Estate Conference at the ...
Draghi says ECB will purchase assets for at least two years
trueThe European Central Bank will buy assets for at least two years to boost inflation and economic growth in the eurozone.
Fed: One more month of tapering, funds rate stays low
trueMembers of the Federal Open Market Committee voted to finish tapering their bond-buying program with a final $15 billion in purchases in October.
Outlook for timing of rate hike little changed from June
trueIn its latest summary of economic projections released Wednesday, the Federal Open Market Committee's outlook for the appropriate timing of raising the fed funds rate was little changed from June. Fourteen of 17 FOMC participants said the first increase in the federal funds target rate will occur ...
Higher yields, without increased risk
trueWith equity markets at a historical peak and interest rates still low, rebalancing a portfolio is a painful proposition. Rather than investing in traditional fixed income, however, institutional investors can allocate to private credit, which offers higher yields without added risk
Yellen facing hard call on when labor market has healed
trueFederal Reserve Chairwoman Janet Yellen said she still isn't satisfied with the U.S. labor market. Deciding when she is won't be easy.
Rerisking without regret
trueWith new actuarial tables threatening lower funding status, pension investors should consider reversing the course of de-risking embedded in their glide paths and increasing their allocation to return-seeking assets.
FOMC continues tapering, low rates
trueMembers of the Federal Open Market Committee voted Wednesday to continue tapering their bond-buying program, dropping to $25 billion in monthly purchases from $35 billion in June. Information received since the June meeting showed second-quarter growth in economic activity but continued ...
Cambridge urges longer duration for fixed-income portfolios
truePension funds that want to reduce risk in their portfolios should consider moving away from traditional core fixed-income strategies benchmarked to the Barclays Capital Aggregate Bond index, a paper from Cambridge Associates stated.
Headwinds remain despite progress, Yellen tells Senate panel
trueFederal Reserve Chairwoman Janet Yellen told a Senate committee Tuesday that “the economy is making progress, and eventually, if we continue, the day will come when I think it will be appropriate to raise the fed fund rates."