Liabilities plummeted and funded status improved for the 100 largest plans in 2021 as the average discount rate rose 30 basis points.
Corporate plans came out of 2021 with better funding ratios, but 2022's challenge may be yield.
As fixed-income investors continued to watch inflation and the Fed, high yield once again dominated Morningstar Inc.'s top 10 list.
Asset owners are integrating ESG views into their fixed-income portfolios, but the process is complicated.
High yield held the majority of spaces among Morningstar Inc.'s top-performing fixed-income strategies for the year ended Sept. 30.
Increased ETF use, which contributes to greater volume and liquidity, makes ETFs useful in portfolio transition management.
Worldwide indexed assets under management rose 35.9% to $20.87 trillion as of June 30, according to Pensions & Investments’ annual survey.
High-yield strategies dominated Morningstar's separate account/collective investment trust universes for a second consecutive quarter.
Seven of the top 10 performing fixed-income strategies were in Morningstar's high-yield bond category for the year ended March 31.
Corporate plans saw funding levels rise and pension expenses fall in 2020, despite higher liabilities and a historically low discount rate.
Aggregate assets, liabilities and funded status rose for the 100 largest plans in 2020 as the average discount rate plummeted.
Long-duration bonds continued to dominate the list of top-performing fixed-income strategies in the last quarter of 2020.
Long-duration bonds continued to dominate the lists of top-performing strategies for both the one- and five-year periods ended Sept. 30.
For the year ended June 30, indexed assets increased 5.4% to $15.35 trillion, as the COVID-19 crisis drove assets into fixed-income ETFs.
Social issues led to a heightened interest in socially conscious and sustainable investing in the U.S.
Long-duration strategies dominated the list of top-performing fixed-income strategies, holding all 10 spots for the year ended March 31.
High returns offset by a discount rate drop lowered aggregate funding in 2019 and left plans looking for derisking opportunities in 2020.
Growth and technology strategies dominated equity rankings in separate accounts, while long-duration bonds led the year in fixed income.
Long-duration and corporate bonds displaced high yield for the year ended June 30, driven by expectations of an imminent rate cut.
Negative year-end returns offset the funding advantage of higher discount rates for the 100 largest U.S. corporate DB plans in 2018.
Growth and technology topped Morningstar's equity database as of Dec. 31, while ultrashort and long-term government led fixed income.
High-yield fixed income dominated Morningstar's list for a third consecutive quarter.
Indexed assets under management rose 12.9% to $13.36 trillion in the year ended June 30, P&I's annual survey shows.
High-yield fixed income dominated Morningstar's list for a second consecutive quarter.
The average funding ratio of the 100 largest U.S. corporate pension plans rose 4.7 percentage points in 2017, P&I's annual analysis shows.