Feature – XxX


The Final Countdown THE FINAL COUNTDOWN


The estimated number of hedge funds launched in the first quarter, the lowest level since the credit crunch. Source: Hedge Fund Research


$71.5bn


The inflows into global exchange-traded products in June – a record for 2020. Source: iShares


3.8% 2.1x


The forecast fall in global GDP this year. Source: S&P


Global dividend cover in 2019, down from 2.3x a year earlier. Source: Henderson International Income Trust


£250m


The additional income defined benefit schemes are losing each year by using less tax-efficient fund structures in their global equity portfolios.


Source: The Asset Management Exchange and Northern Trust


84 11%


The percentage of defined benefit schemes that have considered a super- fund as an end-game option. Source: Willis Towers Watson


43%


The quarterly rise in social bond issu- ance during Q2 to €66bn. Source: NN Investment Partners


$90trn


The infrastructure investment needed globally over the next decade to achieve global growth expectations.


Source: Coalition for Climate Resilient Investment 42%


The level of European investors citing a lack of standard metrics as a barrier to social investing. Source: BNP Paribas AM


Quote of the Month “Emerging markets do not have a monopoly on poor


standards of governance.” Kathryn Langridge, Manulife Investment Management


46 | portfolio institutional August 2020 | issue 95


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