Is it time to ditch CDI for RDI?

clock • 4 min read

Return-driven investment strategies can deliver a better match for scheme-specific return targets via a more diversified and liquid portfolio, argues Gavin Orpin.

Cashflow-driven investment (CDI) has become a popular approach. Intuitively, putting a primary focus on asset cashflows matching liability cashflows makes a lot of sense. But does it go too far? Ca...

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