Feature – Infrastructure The Final Countdown THE FINAL COUNTDOWN $2.7bn


The net inflows into gold-backed ETFs during January. This was the highest since May 2021 due to a sharp selloff in equities. Source: World Gold Council


$4.5bn


The estimated size of the defined contribution market in the next 10 years up from £500bn today. Source: The Financial Conduct Authority


…of outflows from emerging market debt, ex-China, during January. Source: Institute of International Finance


79%


The level of investors and professionals who see the complexity and scale of compliance as the main barrier to improving the ESG performance of real estate in the UK. Source: Deepki


24% £ trn 91%


…of institutional investors in Europe and the US intend to increase their exposure to structured credit in the next 18 months, particularly in commercial real estate. Source: Aeon Investments


£146.4bn


The aggregate surplus of Pension Protection Fund-eligible defined benefit schemes in January, up from £129.3bn at the end of December thanks to a rise in bond yields. Source: Pension Protection Fund


Quote of the Month


“I am wary of the assumption that if inflation goes up, we will raise interest rates and then inflation will come down again. I am not sure it works that way. In my experience, they leapfrog each other.” Jason Fletcher, London CIV


54 | portfolio institutional | March 2022 | issue 111


The quarterly increase in inflation hedging to £24bn during the final three months of 2021. Source: BMO


-1.89%


The performance of the global hedge fund industry in January, its lowest start to a year since 2016. Source: eVestment


2031


Half of the UK’s £2trn of defined benefit liabilities could be insured in the next 10 years. Source: Hymans Robinson


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