All Risk Management articles – Page 9
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White papersPortfolio Risk Management: A Multidimensional Perspective
Asset allocation, effective portfolio design and dynamic management have always been powerful tools for battling volatile markets, but risk has come into even sharper focus lately. Economic growth is slowing, yields are low and stocks have taken several tumbles. Investors are looking for new ways to tackle risk.
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White papersRisk Factors, Macroeconomic Context And Forecasts - July 2019
Risk Factors
The table within the article presents risk factors with judgmental probabilities (i.e. not market based). It also develops the possible market impacts. -
White papersIs it time to get off the roller coaster?
The market for pension de-risking is growing at an un- precedented pace. Today, pension funds in the US, UK and Canada are simultaneously at the highest funded status they’ve experienced in ten years. In addition, these markets have attracted new entrants in pension insurance and reinsurance, so there is ample insurer capacity, vibrant price competition, and attractive buy-in and buy-out pricing.
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White papersDefault Probability Measure
In a world of integrated global financial markets, accurately predicting company default risk is important not only in traditional fixed income credit analysis but also more broadly across the financial industry.
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White papersQ1 2019 - Global Asset Class Spotlights: Top Down Quarterly Assessment
The combination of monetary policy stances (more patient and flexible everywhere), encouraging tariff negotiations, Chinese authorities proving successful in their resolution to support the economic cycle are all potential triggers (and risks when mirrored) to risk assets and might help produce a positive short lasting reaction.
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White papersIf you can de-risk now, why wait?!
Pension funds in the US, UK and Canada have transferred nearly $400 billion in pension and longevity risk since 2007. While these countries are the focal point of the market today, the Netherlands has been a vibrant market, and Germany recently opened for pension risk transfer in 2018 with two notable transactions, together worth more than $5 billion. Several other countries will soon follow suit. In 2017, the US and UK set a combined record with nearly $50 billion in total activity3, and 2018 is shaping up to be another outstanding year on both sides of the pond.
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White papersUncovering the hidden beta in risk premia strategies
The long period of low interest rates made risk premia strategies popular, especially because of their promise of uncorrelated returns. February 2018 was a first stress test as equity markets lost up to 10% in a few days. The majority of strategies showed a strong link to equities and generated significant negative returns. This was a reminder that picking the right risk premia strategy is crucial.
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White papersDeep dive in factor definitions and behaviors to better combine them
Anticipating the economic and financial environment evolution and its impact on equity market is not easy.
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White papersTail Risk Adjusted Sharpe Ratio
The Sharpe Ratio has become a standard measure of portfolio management performance, taking into account the risk side. In that framework, the consideration of risk is reduced to returns volatility. The Sharpe Ratio does not encompass extreme risk, especially on the downside.
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White papersSchemes need a clear strategy for managing longevity risk
Increasing longevity is an important risk facing the trustees of defined benefit pension schemes. By offering a promise for life to members, they bear the risk that members live longer than expected.
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White papersAdopting an LDI approach throughout the investment chain: Lesson learnt from European insurers
The insurance business model is fundamentally based on underwriting and managing risks: insurance companies are contractually bound to meet specific obligations and as such structurally driven by liabilities.
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White papersRisk Parity: Does One Size Fit All?
Investors worried about the next market downturn are searching for unique ways to diversify their portfolios, and risk parity, a risk-based multi-asset strategy, continues to be an area of interest.
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White papersInflation: the good, the bad and the ugly
Global inflation is heating up. According to the International Monetary Fund, the global consumer price index (CPI) is expected to rise from its recent 2015 low of 2.8% to 3.5% in 2017 and then hover around this level for the next five years.
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White papersSeeking sustainable income in a low rate environment
“Today income investors should explore opportunities across a broader range of asset classes in an effort to avoid the low yield trap”
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White papersCross Asset Investment Strategy: September 2017
Find the latest edition of Amundi Research team’s monthly publication.
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White papersWhy investors need a multi-layered approach to risk
The experiences of the 21st century have sent investors in different directions. Low equity returns since the turn of the millennium have prompted a search for new sources of risk, yet the traumatic experience of the 2008-2009 financial crash have also exposed the limitations of traditional measures.
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White papersTechnology and retirement: Shifting opportunities
Technology has made it possible for us to live better, longer, more meaningful lives. And that’s cause for great optimism and positivity.
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White papersFloating Rate Notes can help prepare for a hike in interest rates
In a fast changing environment, FRNs are an increasingly attractive asset class, as they allow investors to reduce the sensitivity to interest rates fluctuations and to capture some potential yield.
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White papersUsing factor investing to navigate choppy, low-return markets
Describing factors and how to implement them in portfolio construction
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White papersWelcome to AIQ
A new publication that brings together the collective insight of Aviva Investors’ teams from across the globe on some of the key themes influencing investment markets.
