OUR QUARTERLY PENSIONS AND INVESTMENTS MARKET UPDATE
Investment Perspectives - Summer 2019
09 Aug 2019
Welcome to our summer 2019 edition of Investment Perspectives
As children return to school, parents may start looking towards the upcoming school year using the last report card as a guide to how to develop and prepare for next year. The school report card for global markets would contain words that would not be viewed positively. Uncooperative could be used to describe US-China trade relations over the past year. Erratic behaviour would be a term used to describe investor reaction – Chris Arcari outlines in his Capital Markets Update that less than positive news about the global economy has led to asset price appreciation in recent times. Closer to home, procrastination of the response and implementation of Brexit has been a theme for the past year.
There are also other common report card themes within the articles for this quarter:
- The Regulator believes there is room for improvement on the DB governance side – Ross Fleming and Russell Chapman provide more detail and insights on how the setting of investment strategy can assist;
- Being open to new ideas or rethinking existing ideas is explored in Linda McAleer’s article on the development of UK residential housing assets as an alternative to the traditional UK commercial property sector – it is still early days but there continues to be growing interest; and
- Emma Cameron and Emma McCallum show how cashflow-driven investing can be part of a disciplined strategy designed to assist schemes in meeting their long-term risk, return and funding objectives.