Investors move from corporate credit to core fixed income & reduce duration exposure in 2019
U.S. fixed income ex-cash strategies reported net institutional inflows of +$33.98 billion for FY 2019 to eVestment Asset Flows. Institutional investors generally preferred core fixed income, eschewing strategies focused on credit.
2019 Public plan commitments at a glance: Private Equity & Private Debt
Each month, eVestment Private Markets crunches the numbers on public pensions’ reported commitments to private funds, digs into notable activity, and produces the Private Markets Monthly Monitor. Check out the latest edition here.
ESG is a hot topic. But does investor and consultant screening activity reflect that?
There has been a steady rollout of investment products catered to various ESG factors and no shortage of media attention. While there remain questions regarding how to properly incorporate ESG principles, the supply side of the equation does not seem to be a serious constraint.
Interest in ESG products moves away from negative screening
eVestment Market Lens documents highlight a growing interest among investors in moving beyond negative screening towards more impactful ESG actions like shareholder engagement and proxy voting.
In 2 charts: 2019 public plan commitments revealed
Market Lens documents show last year 341 private equity GPs captured 42% of public plan commitments, raising $62 billion in capital from 112 plans. In contrast, 109 traditional equity managers captured just 9% of public plan commitments, but raised $46 billion in the process.