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Questions

Market Perspectives - Apr 4

After a dreadful month spent watching COVID-19 spread worldwide, there are still more questions than answers when it comes to the impact on the global economy, financial markets and society in general. Read more

Data and pen

Daily Pension Funded Status Update

As of March 30th, LGIMA estimates that pension funding ratios decreased 9.0% year to date, with changes primarily attributed to negative global equity performance. Read more

Street

Market Perspectives - Mar 27

The defining characteristic of the Covid-19 crisis is proving to be speed: the rapidity of the virus’ spread, the swift grinding to a halt in economic activity and the extraordinary quick market selloff. But the pace of action by policymakers has been equally speedy. Read more

Markets

Market Perspectives - Mar 20

Somehow the word “unprecedented” just doesn’t seem to cut it anymore when describing the economic devastation and financial market pain being wrought by the coronavirus. Read more

Stock market

Market Perspectives - Mar 13

There is an old adage in credit markets that last cycle’s problem sector is unlikely to be the source of trouble in the next cycle. Read more

Rates

What to Do in Volatile Markets

The novel coronavirus, in conjunction with escalating tension in relation to oil production, created waves of volatility throughout capital markets. Read more

stock market

Thoughts From the Active Fixed Income Team

It is difficult to characterize the volatility seen in fixed income over the last few days as anything but extreme. Read more

Coronavirus

Our Thoughts on Coronavirus

Beyond the human tragedy caused by the virus, the efforts to slow the spread of the virus are likely to have significant economic implications. Read more

Flu

Markets Catch a Cold

The Coronavirus pandemic is causing distributions for business travel, grocery stores and investors. For defined benefit pension plans the prognosis could be grim. Read more

Hurdle rate

The Pension Hurdle Rate

At LGIMA, we find that a straightforward way to assess how financial policies work together to achieve objectives is the pension hurdle rate. Read more

Garbage can

Pension Debt is Junk

The practice of deferring funding historically provided a cheap source of financing. Today, it is the financial equivalent of issuing junk bonds. Read more

Data

Securities Lending: Is the Game Worth the Candle?

Investors should remember that securities lending is not a free lunch and always consider the risk and reward of these programs. Read more

Congress

The SECURE Act

The SECURE Act is a key piece of legislation that supports our DC strategy, which is focused on delivering a comprehensive income solution framework pairing investment-only solutions with guaranteed income solutions. Read more

Vault

Becoming a Bank?

In the days leading up to the September FOMC meeting, an imbalance of supply and demand in the repo market led to elevated overnight funding rates, briefly jumping above 10%. Read more

 

Views and opinions expressed herein are as of 2020 and may change based on market and other conditions. The material contained here is confidential and intended for the person to whom it has been delivered and may not be reproduced or distributed. The material is for informational purposes only and is not intended as a solicitation to buy or sell any securities or other financial instrument or to provide any investment advice or service. Legal & General Investment Management America, Inc. does not guarantee the timeliness, sequence, accuracy or completeness of information included. Past performance should not be taken as an indication or guarantee of future performance and no representation, express or implied, is made regarding future performance.