Author Archives: Jo McBride

Where will the trillions of dollars from Fed shrinkage go?

The US Federal Reserve intends to shrink its balance sheet by not reinvesting in government debt the repayments of principal it will receive as its current holdings of such paper mature, according to an addendum to the central bank’s decision … Continue reading

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Life cos’s allocations steady as they take wait-and-see stance

Japan’s life insurance companies closed the financial year on 31 March with their investment portfolios in a holding pattern that has them opting to ride out market movements and resistant to the usual end-of-term window dressing. Figures just released by the … Continue reading

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Life insurers ask BoJ to map out how it will exit easing

‘”The BOJ shouldn’t be afraid of revising (its exit strategy) in the future and openly debate the subject now, paying heed to market voices,” Akio Negishi, chairman of the Life Insurance Association of Japan, told a news conference on Friday’ … Continue reading

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GPIF’s Mizuno “not satisfied” with asset managers’ governance

Japanese asset managers  … “have to have best-in-class corporate governance before they ask their portfolio companies to improve their corporate governance… ‘I’m not very satisfied so far’”,  GPIF’s CIO Hiromichi Mizuno told a London conference on Tuesday according to Investment … Continue reading

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Pension amounts in pooled accounts falls 4.4% to 78.5tr yen

Trust banks and life insurance companies acted as sokanji to 13,650 corporate pension funds in the year ending 31 March 2017, down by 150 from a year earlier, figures just published by the Life Insurance Association show. In this powerful … Continue reading

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New code requires specifics on institutional shareholder votes

Update: By day’s end Sumitomo Mitsui Trust Bank, which nowadays likes to be known as SuMi TRUST, had issued a statement noting the importance of stewardship to its soul: “SuMi TRUST understands the revised guidelines, in particular, with regards to … Continue reading

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GPIF seeks unconstrained new views on asset servicing

The Government Pension Investment Fund is seeking comment on its current asset servicing arrangements and ideas for the future. The deadline for submissions is 30 June. While highlighting its interest in the utilities listed in the box alongside, the Fund … Continue reading

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Life cos’ portfolios move more diversely than usually depicted

A quartet of Japan’s life insurance giants announced lacklustre results for the year ending 31 March 2017 yesterday and today many media today reported them by simply repeating verbatim the story in the Nikkei. Most of what it had to … Continue reading

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Asset Management One hands Hermes foreign stewardship role

Hermes EOS, the stewardship and engagement team of Hermes Investment Management has been appointed by Asset Management One to provide “… a range of engagement services on the firms’ ¥4.7 trillion worth of global holdings (ex Japan) across a variety … Continue reading

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R&I annual awards to institutional investment firms announced

It’s a sunny day in Tokyo and especially so for Mitsubishi UFJ Trust & Banking, Sumitomo Mitsui Asset Management and Wellington Management Japan, each of which has just scored three places in Rating & Investment’s annual awards to managers used … Continue reading

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