Latest White Papers

Key to Sponsor Satisfaction: A retirement advisor's guide to unlocking sponsor secrets

Published by: Wells Fargo Asset Management

Looking for the key to unlock sponsor satisfaction? The Formulas for Satisfaction guide reveals what sponsors expect from top retirement advisors and provides actions you can take to improve your relationships.

Are Central Banks Losing Their Mojo?

Published by: Prudential Fixed Income

In recent weeks, the effectiveness of monetary policy has been questioned. This paper highlights the circumstances that have led up to the change in market perception and discusses the need for a comprehensive policy response to mitigate systemic risks.

Managing Volatility

Published by: P&I Content Solutions Group

The sharp drop in stock prices at the beginning of the year, followed by a quick rebound, led many investors — both institutional and retail — to conclude volatility had once again reared its ugly head. In this round table discussion, Paul Ehrlichman from ClearBridge Investments, Tom Lee from Parametric, and Jeffrey H. Snyder from Cammack Retirement Group, discuss how investors — and their portfolios — can weather the storm.

Preparing for Pension Risk Transfer

Published by: Prudential Retirement

Pension risk transfer activity in the U.S. exceeded $14B in 2015. Given the increasing number of buy-out transactions, and the volatility and increasing costs associated with DB plans, plan sponsors are finding their boards of directors eager to understand how to execute a buy-out solution.

China: In the Slough of Despond

Published by: Baillie Gifford International LLC

Baillie Gifford’s Richard Sneller holds his ground amid the cacophony of doomsayers anticipating Chinas imminent economic collapse, stating his belief in a further prolonged period of Chinese growth on the back of structural alterations to four factors of production.

A Silver Lining: The Investment Implications of an Aging World

Published by: PGIM

For the first time in recorded history, the old will outnumber the young. This unprecedented aging of the global population has profound consequences for individuals, businesses, governments, and investors.

ESG Investing

Published by: P&I Content Solutions Group

ESG is attracting growing investor interest and assets. Three leading practitioners that P&I brought together explain their firms' philosophies, processes and methods of engagement. They share their view that social good and financial good are converging.

The Illusion of Corporate Bond Diversification in a Balanced Portfolio

Published by: Community Capital Management, Inc.

Correlations between equity and corporate fixed income indices have historically been highest during times of negative equity returns, thus reducing the benefits of diversification. The paper discusses why taxable municipals can be a great alternative to corporate bonds in diversified portfolios.

Why We Favor European Equities

Published by: WisdomTree

We believe that, more than ever, fundamental strength should drive the relative performance among global equity markets going forward. Investors’ willingness to pay might be more constrained and bound by the rising uncertainty imposed by the divergence of major global monetary policies.

Choices to Address Foreign Currency Exposure

Published by: Fischer Francis Trees & Watts, a BNP Paribas Investment Partner

Institutional portfolios typically hold a significant allocation of foreign currency denominated assets. Left unmanaged, this currency exposure receives little or no risk premium and adds unwanted volatility. This paper outlines best-practice solutions to be considered when addressing currency exposures.

Risk Tolerance: From the mind of the TDF investor

Published by: Vanguard

In this second of three papers, Vanguard experts present key findings from Vanguard's target-date fund investor survey.

Pensions With Purpose: Meeting the Retirement Challenge

Published by: State Street Corporation

“Pensions with Purpose: Meeting the Retirement Challenge,” is based on a global survey of 400 pension funds and interviews with more than 40 industry experts. The study reveals that pension fund leaders are building internal expertise while reinforcing risk and governance frameworks for long-term strength and agility.

Introducing an Innovative Approach to Retirement Investing

Published by: S&P Dow Jones Indices

As the ongoing shift from DB to DC continues, individuals are challenged with the burdens of long term investing and judiciously transitioning to income generation. Learn how the S&P STRIDE Indices offer an innovative approach to these significant hurdles.

IQ Magazine: The New Investment Reality

Published by: State Street Global Advisors

Today's low-return and volatile markets are prompting investors to reconsider traditional investment approaches.Our latest issue of the Investment Quarterly Magazine focuses on a growing movement toward factor-based investing.

Not All Quality is Created Equal

Published by: Jensen Investment Management

At Jensen, we define quality somewhat differently. We invite you to read the article below, as we explore the pros and cons of our unique definition of quality and how it relates to the broader market landscape through various market cycles.

Hedging Emerging Market Currency Risk

Published by: Berenberg Asset Management

Emerging market currencies present an interesting conundrum to global investors. Berenberg explores the options available for dealing with this unrewarded and often times costly risk.

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All white papers posted were created by the listed authors who are solely responsible for the research, finding and all materials contained therein. Pensions & Investments has not verified or edited the materials (other than for length and style) and does not necessarily agree or disagree with the analysis and positions expressed by the authors. Reference to any company, product or service does not imply recommendation or sponsorship by Pensions & Investments.

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