Positive growth asset performance is only part of the story
Positive growth asset performance is only part of the story
10 Oct 2023
The last quarter has seen inflation heading in the right direction along with positive performance of growth assets, meanwhile gilt yields have continued to rise. These have led to pension scheme funding levels continuing to improve.
However, there’s a little bit more to it than that - the performance of the growth assets wasn’t as strong as it may appear due to currency effects, and the gilt market has got cheaper at long maturities but more expensive at shorter maturities.
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