April LaRusse, Head of Fixed Income Product Solutions surveys the major trends that could have an impact on markets, including inflation; the impact of demographic change on consumption; Brexit; and climate change.
RecordedJun 27 201742 mins
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In this module Jos will talk about the evolution of pension fund asset allocation, the choices facing pension funds and how the risks funds will face will change as a result of asset allocation decisions.
Matthew McKelvey, Head of Product Management, Multi-Asset and Specialist Equities
In this module Matt will discuss how risk assets can be used to generate growth over time and ways in which a combination of traditional market based strategies and less directional total return strategies can offer a lower risk alternative to equity markets.
Serena Galestian, Fixed Income Investment Secialist
In this module Serena will provide a background of bond markets, how they came into existence and the basic concept of a bond. Serena will then discuss slightly more complex ideas such as corporate bonds and duration.
In this module Alex will discuss the various waves of regulation that have impacted investment management firms and pension funds. Alex then digs deeper into the changes that MiFID 2 has brought to the industry.
In this module, Andrew considers the outlook for markets in 2018, looking at the global economic backdrop, how these forecasts will influence returns and the key political themes we expect to play out over the year.
Matthew Merritt - Head of Multi-Asset Strategy Group and Colm McDonagh - Head of Emerging Market Fixed Income
Monetary conditions, growth and inflation imply a pro-cyclical asset allocation bias, but valuations leave limited room for further re-rating. Emerging markets are an interesting asset class given value opportunities and the global growth backdrop. Once the growth environment switches from acceleration to moderation it will likely lead to a greater focus on alternative risk premia.
David Jamieson - Senior market Strategist and Rob Gall - Head of Market Strategy
Longevity and transfers out should both naturally increase rate and inflation hedge ratios in 2018, reducing the demand for gilts and index-linked gilts from liability-driven investment (LDI) activity while the outlook for z-spreads remains balanced. The transition from Libor is evolving and Insight will continue to robustly represent its clients as part of the various working groups attempting to smoothly manage the transition.
Andrew Wickham - Head of Global Rates and Deputy Head of Fixed Income and Gareth Colesmith - Senior Portfolio Manager
We expect buoyant global economic conditions to continue for some time, with strong growth in the US and Europe. Yields are likely to move upwards in this environment, and quantitative easing (QE) will no longer be a support. Political uncertainties remain, with Brexit, Italian elections and US foreign policy potential flashpoints.
David Averre - Head of Credit Analysis and Lucy Speake - Head of European Fixed Income
Strong earnings growth has improved credit metrics in Europe and the US. Tax reforms in the US will favour investment grade companies and an expected increase in merger and acquisition (M&A) activity will make active management critical in 2018 to avoid those companies choosing to increase leverage to purchase others. We believe the outlook for European financials is attractive in the current environment and that lower-tier debt of some major banks offers value.
Joshua Kendall, ESG Analyst, will introduces how Insight applies responsible investment principles into its credit process, including managing sustainable and ESG-focused investment portfolios, long-term risks such as climate change and why responsible investment is important for Insight’s business.
Ren Lin, Senior Solution Specialist - Client Solutions Group
In this module Ren pulls together elements of previous training modules to discuss how pension funds can utilise various strategies to increase the certainty of target outcomes in an uncertain environment.
Howard Kearns, Longevity Pricing Director, Financial Solutions Group
In this module Howard examines the key considerations when deciding on a insurance buy-in, and how a self-managed buy-in offers an alternative approach. The advantages and disadvantages of both are considered. The final part of the module focuses on the evolution of longevity hedging which is now available to a broader range of pension funds.
Santosh Sunder, Senior Solutions Specialist, Client Solutions Group
In this module Santosh examines the link between collateral and growth assets, including how to stress test collateral against market movements in order to ensure that it is managed efficiently, and is sufficient to meet liquidity needs.
On this channel we collect together a series of presentations and webcasts sharing our combined knowledge – about solutions, investment philosophy and operations. The channel aims to build knowledge internally about Insight and is available to all colleagues. Our investment strategies will differ between markets and geographies, and none of the material on this site should be considered as investment advice.