Table of Contents

Issue Date: Monday, February 19, 2018

News

Many scratching their heads over White House infrastructure plan

Many scratching their heads over White House infrastructure plan

Trump's $1.5 trillion infrastructure plan relies heavily on private investors and state and local governments to pay up to $1.3 trillion.

Keep calm and carry on: DC participants appear to take market's volatility in stride

Keep calm and carry on: DC participants appear to take market’s volatility in stride

Stock market volatility produces more calls and some more trades, but defined contribution plan participants remain relatively calm.

Europe in line for ETF boom, thanks to MiFID II

Europe in line for ETF boom, thanks to MiFID II

New trading and transparency rules in Europe are set to bring ETFs into the limelight for institutional investors.

Equity drop seen to boost Asia multiasset demand

Equity drop seen to boost Asia multiasset demand

The "synchronized" drop in equity and bond prices is seen as temporary but could prompt investors to consider more derivative-heavy options.

Mezzanine managers losing places at table

Mezzanine managers losing places at table

Mezzanine managers are facing an onslaught of competition from other private credit managers.

Weaker covenants raise big concerns in loan deals

Weaker covenants raise big concerns in loan deals

Increased demand for leveraged loans has resulted in weaker structures, and money managers are beginning to get worried.

U.K. DC plans move to address financial wellness for participants

U.K. DC plans move to address financial wellness for participants

U.K. defined contribution plans are beginning to mine more participant information in plan design and education efforts.

MiFID II cost impact might be a boost to ETF providers

MiFID II cost impact might be a boost to ETF providers

MiFID II's focus on transparency likely will intensify fee competition among money managers, and that might benefit ETF providers.

Special Report

Fixed Income

With expected returns of about 5.4% over the next 10 years, asset owners are looking beyond fixed income to less liquid, non-publicly traded credit instruments for greater outcomes.

Top-performing money managers: Q4 2017

Top-performing money managers: Q4 2017

After five consecutive quarters of small-cap strategies dominating Morningstar Inc.'s domestic equity separate account/collective investment trust database, large-cap and technology approaches reigned supreme for the year.

Frontlines

Editorial

No excuse for fiduciary ignorance

No excuse for fiduciary ignorance

Too many DC executives are blind to the reality that in most cases they are fiduciaries with specific responsibilities.

The myth of 'creeping socialism'

The myth of ‘creeping socialism’

The development of defined contribution plans has eased concerns about large amounts of corporate stock being so close to the government.