Table of Contents

Issue Date: Monday, February 19, 2018

News

Many scratching their heads over White House infrastructure plan

INFRASTRUCTURE

INFRASTRUCTURE

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

Defined Contribution

Defined Contribution

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

REGULATION

REGULATION

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

INVESTING/PORTFOLIO STRATEGIES

INVESTING/PORTFOLIO STRATEGIES

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

ALTERNATIVES

ALTERNATIVES

Mezzanine managers are facing an onslaught of competition from other private credit managers.
Weaker covenants raise big concerns in loan deals

ALTERNATIVES

ALTERNATIVES

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

DEFINED CONTRIBUTION

DEFINED CONTRIBUTION

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

MONEY MANAGEMENT

MONEY MANAGEMENT

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

Special Report

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
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...

Frontlines

Editorial

No excuse for fiduciary ignorance

EDITORIAL

EDITORIAL

Too many DC executives are blind to the reality that in most cases they are fiduciaries with specific responsibilities.
The myth of 'creeping socialism'

OPINION

OPINION

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