There’s a definite move towards rebuilding and steering economies in a new direction, rather than just managing through a crisis, fixed income experts have highlighted at this year's Fixed Income & Credit Forum.
Strategies that have a lower alignment to the performance test benchmarks could become high risk for trustees as they could lead to failure of the test, over certain periods, despite longer-term outperformance, Mercer's Barlow points out.
Environmental Social and Governance policies are commonplace in global investment firms, but addressing risks to physical assets like property take investment teams deeper in their due diligence and studies of investment risk, experts explore.
Material factors such as the strength of investor protections and institutions in some countries can be omitted in governance ratings, Causeway's Mozaffar Khan notes while emphasising the importance of ESG as part of assessing risk and return.
The outgoing Media Super chair, Labor stalwart, staunch industry fund advocate and one-time Australian Financial Review editor says we should put the current pace of industry change into perspective. Despite a raft of ongoing debate, crises and reform, the upheaval needed to get super off the ground was a much bigger struggle.