Nicholas Byrne - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T00:50:28+00:00Reaching for yield or resiliency? Explaining the shift in Canadian pension plan portfolios
https://www.bankofcanada.ca/2021/08/staff-analytical-note-2021-20/
“Reach for yield”—This is the commonly heard explanation for why pension plans shift their portfolios toward alternative assets. But we show that the new portfolios also hold more bonds, offer lower average returns and produce smaller and less volatile solvency deficits. These shifts are part of a broader strategy to reduce solvency risk.2021-08-25T15:00:56+00:00enReaching for yield or resiliency? Explaining the shift in Canadian pension plan portfolios2021-08-25