End of the equity

Strategic Asset Allocation


Insurers and pension funds have long had differing views as to what extent to consider equity a long-term asset, with UK firms traditionally holding up to 70% of their portfolio in the asset class, while their continental European competitors hold smaller proportions, usually less than a third. Shares may have had their best quarter on record with the UK's FTSE 100 index adding 24% to its March low of 3,512, but returns look less attractive to companies whose focus is longer horizons, and the re