BMO GAM

Pension scheme inflation hedging activity fell by 17% quarter-on-quarter to £30.4bn in the first three months of the year, BMO Global Asset Management research reveals.

LGPS Central has launched its £680m multi-asset credit (MAC) fund with initial buy-in from four local authority partner funds.

Pension schemes increased their inflation hedging in the final quarter of 2020 as major issues were concluded in a “momentous geopolitical quarter”.

The US economy is on course to do better than Europe post-lockdown, thereby supporting US equities but raising inflation worries, according to economists.