LCP strategic portfolios
Pensions & benefits Investment Asset transfers Investment strategy DB pensions
Welcome to the latest update for LCP's strategic portfolios for UK defined benefit pension schemes.
Inside you will find the latest thinking from our investment strategy team and specialist asset class researchers.
In this edition:
- We introduce Capital Call Finance - a senior lending strategy backed by institutional investor commitments, offering investment grade exposure, floating-rate income and an attractive illiquidity premium for exceptionally low historical default rates.
- We turn more cautious on ABS, as securitised spreads remain tight amid emerging stress pockets.
- We increase EM equity exposure to take advantage of more attractive valuations as US-heavy global equities remain expensive.
