GPIF sells bonds to handle increasing payout costs.
Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund, is selling domestic government bonds as a way to handle its increasing payout costs, reports Bloomberg.
Forget the leading edge. When it comes to investing, predictable companies will produce better returns, says David Winters, CEO of Wintergreen Advisors in Milwaukee, WI, and manager of the Renaissance Global Markets Fund.
High-grade corporate bonds are better investments than government securities, argues John Braive, vice chairman of CIBC Global Asset Management.
As risk aversion continues to haunt equity markets, corporate credit risk looks reasonably good. Despite deleveraging and a prolonged economic decline that threatens to take down some companies, investing in corporate bonds might be a worthwhile alternative to equities.
With interest rates stuck at historic lows, we’re at a point where the “annuities are expensive” mantra is conventional wisdom and rarely questioned. The purpose of this article is to explore this notion and quantify what “expensive” really means.
Fixed-income investing will continue to play a crucial role for investors, even as three decades of bond-market gains appear likely to come to an end, according to a research paper by Russell Investments.
Investors may have been skittish in early April, but the general trend appears to be “risk on” once again, according to Patrick Bradley, product specialist with the global fixed income team at Brandywine Global Investment Management, which manages the Renaissance Global Bond Fund.
Ultra-low yields in a potentially volatile global and domestic macroeconomic environment create a number of challenges for global pension plan sponsors—and 2012 will indeed be the year of difficult decisions.
New bond ETFs offer equity-like variety.