In a low-rate world where income is increasingly tough to find, more and more investors are getting into the riskier corners of lending to companies.…
The Nasdaq is launching a publicly available, web-based sustainable bond network. Bond issuers will be able to use the platform to voluntarily publish data and…
Canada’s economy is famously reliant on its rich natural resources, with a heaping helping of financial service providers thrown in for good measure. But when…
China’s debt problem is serious, but the risk of a hard landing or banking crisis is, in my view, low. The reason is that the…
A lot of ink has poured into the discussion of an inverted yield curve, and what it means, yet I am still unsure if people…
A key theme in Canadian institutional investing has been a prolonged period of low and declining interest rates. As many institutions maintain a substantial domestic…
Imagine lending money to someone and having to pay for the privilege of doing so. Or being asked to invest and informed of how much…
For the first time in its existence, the German 30-year government bond yield slipped into the negatives and it isn’t inconceivable that U.S. Treasuries could…
While many financial institutions are issuing green bonds, Sun Life Financial is the first insurance company globally to issue a sustainability bond, which will cover…
U.S.-denominated Asian bonds have reached US$1.1 trillion in outstanding bonds and now rank alongside U.S. high yield and bank loans, according to an Invesco Canada…
FTSE Russell is launching a government bond index that weighs countries’ preparedness and resilience to climate change risk. A spin-off of the FTSE world government…
In Africa, Asia, Latin America and the Middle East, pension funds are increasing their exposure to equities at the expense of fixed income, according to…
Morningstar Inc. has signed a deal to buy Canadian debt-rating agency DBRS for US$669 million. The U.S. company says the combination of DBRS with Morningstar…
Fiera Capital Corp. is acquiring Foresters Life Insurance Co.’s asset management business in an effort to beef up its offering for institutional clients, according to…
Sun Life Investment Management is appointing Elaad Keren as senior managing director and head of mid-markets lending. In the new role, Keren is replacing Keith Cressman, who will…
After starting to manage funds for its first two clients, the Ontario Pension Board and the province’s Workplace Safety and Insurance Board, the Investment Management Corp.…
With global and domestic equities rallying in the first quarter of 2019, Canadian defined benefit plan returns were lifted to 7.2 per cent in the…
The Nova Scotia Teachers’ pension plan posted a net loss in assets for 2018, down to $4.94 billion from $5.11 billion at the end of 2017.…
Pooled pension fund managers bounced back in the first quarter of 2019, posting a median return before management fees of 8.3 per cent, up from…
Looks aren’t a solid basis on which to form a long-term relationship and neither is the surface-level appearance of a target-date fund. “In a perfect…
Since using a single benchmark portfolio to measure a pension plan’s funding status paints a narrow picture, a new report by PBI Actuaries and Consultants looked…
Canadian defined benefit pension plans’ solvency position rose in the first quarter of 2019, according to two new pension indexes. Representing the solvency ratio of a…
With turbulent equity markets, fixed income has a major role to play as defined benefit pensions look to more closely match their liabilities and investments, says…
The U.S. customized target-date fund market grew to US$430 billion at the end of 2017, according to the Defined Contribution Institutional Investment Association. The DCIIA’s inaugural survey…
Many investors believe the end of the current economic cycle is coming, according to Invesco’s latest global fixed income survey. While 49 per cent of…