Latest White Papers

STABLE VALUE: A Multipurpose Investment Option for Retirement Plans

Published by: Prudential Financial

As stable value's popularity grows, an understanding of the asset class is essential. This paper provides a concise overview of stable value, including how it works, its role in defined contribution plans and where it is poised to expand.

Preparing for Pension Risk Transfer

Published by: Prudential

This paper outlines the steps involved in the most complete form of pension risk transfer: a buy-out transaction. There are steps a plan sponsors can undertake today to make a future transaction easier and to shorten the timeline for execution.

Global Insights

Published by: Calamos Investments

A compendium of analysis from our global investment team. Commentary topics include global secular growth trends, global financial disintermediation, perspectives on biotechnology, economic reforms as a catalyst for investment opportunity, and emerging market growth as a tailwind for automation.

A Tale of Two Benchmarks: Five Years Later

Published by: S&P Dow Jones Indices

Five years ago, S&P Dow Jones Indices examined the return differential between the two leading U.S. small-cap benchmarks, the S&P SmallCap 600® and Russell 2000®. This paper revisits this topic to see if the results have continued to hold true.

Emerging Market Debt: A Blended Approach

Published by: Aberdeen Asset Management

With emerging market debt it may pay to be adventurous and blended. Constructing an optimal portfolio across countries, instruments and industries helps diversify your fixed income approach. With 70 emerging market investment professionals, Aberdeen roams the globe for sources of income and yield.

The next stage in smart beta investing: Harnessing factor purity

Published by: HSBC Global Asset Management

Investors are asking ever more probing questions on how factors and factor combinations aim to add excess returns. We think investors should focus on the efficiency of factor exposures together with the underlying construction process of a factor-based strategy.

Does the Fed Care About Disappointing GDP?

Published by: Western Asset

Will recent GDP data showing weak US economic growth lead the Fed to delay raising rates? No, says Western Asset's John Bellows, because the Fed's focus is on inflation and jobs -- and a medium-term time frame.

Seeking a glass half-full approach to bond investing

Published by: Newton Capital Management

Bond investors have been focused on whether the Federal Reserve will raise rates. This paper considers the implications of an increase and identifies steps investors can take to try to manage risk and avoid being damaged by short-term volatility.

Guaranteed Lifetime Income and the Importance of Plan Design

Published by: Prudential Retirement

In Guaranteed Lifetime Income and the Importance of Plan Design, we examine how guaranteed lifetime income options are positively impacting enrollment and diversification, helping participants prepare for their Day One of retirement and all the days that follow.

“To” versus “Through”: The great glidepath debate

Published by: TIAA-CREF Asset Management

Differences in target-date fund (TDF) design can make a big difference in retirement savings and income. TDFs with a “Through” retirement glidepath can increase savings and provide more effective protection against longevity risk, compared to TDFs with a “To” glidepath.

How America Saves 2015

Published by: Vanguard

How America Saves analyzes saving, investing, and account activity trends in defined contribution plans at Vanguard. It offers useful insights into current issues, including employer contribution trends, automatic plan features, use of target-date funds, and use of advice services.

Prudential Day One Funds: The Importance of Managing Risk to Help Achieve a Comfortable Retirement

Published by: QMA

Many employees fear they might fall short of their retirement income goals. This paper discusses the three primary risks participants face at different stages of their retirement planning that could potentially lead to a shortfall in retirement assets.

The unique value of Target-Date Funds

Published by: Charles Schwab Investment Management

Target-Date Funds are excellent low-maintenance retirement investment vehicles that have been developed to assist investors as they save for retirement. In this white paper, we will highlight the broad benefits they have provided to investors in various stages of life.

The Growing Tailwind for Active Managers

Published by: Fred Alger Management, Inc.

Find out why the powerful forces that have made it challenging for active managers to outperform their benchmarks over the past several years are likely to reverse and, we believe, generate outperformance in the near future. 

Archived White Papers by Topic

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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For more information on submitting a white paper, please contact Richard Scanlon at rscanlon@pionline.com or 212-210-0157.