Previous close | 72.48 |
Open | 72.48 |
Bid | 75.50 |
Ask | 84.00 |
Strike | 880.00 |
Expiry date | 2025-01-17 |
Day's range | 72.48 - 72.48 |
Contract range | N/A |
Volume | |
Open interest | 3 |
BlackRock's liability-driven investment business is urging some smaller UK pension fund clients to stop splitting assets across multiple managers, as it tries to cut the complexity and risks of a strategy that imploded last year. Asset managers worry new rules to make LDI investing more robust could render the strategy unviable for some schemes, but consultants warn BlackRock's push could repel pension clients who want to minimise concentration risk. LDI, a hedging strategy used by thousands of schemes to ensure their assets generate enough cash to meet liabilities, almost blew up the UK pension industry in September when the then-British Prime Minister Liz Truss' disastrous 'mini-budget' sent government bond yields soaring.
BlackRock Investment Institute Chief APAC Strategist Ben Powell says he is staying overweight inflation-linked bonds and likes very short-term government paper for income. He speaks with Haslinda Amin and Rishaad Salamat on "Bloomberg Markets: Asia".
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