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Persistent market volatility, high inflation and a return to rising interest rates will see pension funds reduce risk in their portfolios, new research (1) from Aeon Investments, the London-based credit-focused investment company, shows.
Its global study with pension funds, insurance asset managers, family offices and wealth managers who collectively manage around $545 billion, found four-fifths (81%) believe that higher expected bond yields/yields from fixed income and a fall in expected equity returns will force professional investors to de-risk. Nearly a quarter (23%) expect those increases in de-risking to be dramatic, while 58% say it will be slight. Just 13% say there will be a decline in investors looking to de-risk and 6% predict no change...
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