Feature – XxX


The Final Countdown THE FINAL COUNTDOWN


£50bn


The estimated size of the defined benefit de-risking market in 2020. Source: Aon


$5.4trn


The annual cost of climate change by 2070 if the level of harmful gas emis- sions is not reduced. Source: CDP, University College London


€124bn


Net sales of UCITS and AIFs in Europe during July, up from €108bn in June.


Source: European Fund and Asset Management Association


$37.6bn


The amount pulled from hedge funds in the first half of 2020. Source: eVestment


£471bn


The size of the assets managed by defined contribution funds at the end of June, up from £430bn a year earlier. Source: Pensions Policy Institute


75%


The percentage of international portfolio managers who believe that tech stocks are overvalued. Source: Kryptoszene


1.6%


The average investment return above gilts that FTSE350 defined benefit schemes are expecting. Source: NN Investment Partners


€69bn


The value of the green bond issuance in the third quarter. Source: NN Investment Partners


Quote of the Month


“Our approach is a bit like a satnav where you update


a journey when you hit a traffic jam.” Rob Schreur, chief investment officer of National Grid UK Pension Scheme


50 | portfolio institutional October 2020 | issue 97


1


The value of corporate credit that has been downgraded since the start of the pandemic. Source: AXA IM


$ trn


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