November 24, 2019
Negative rates can do more damage yet: a Nordic warning
By admin | |
The head of investments at Finland’s Ilmarinen Mutual Pension Insurance Co. says his industry is “just starting to see what kind of new challenges negative rates will cause.” The steps he’s taken so far have led away from easy-to-sell assets, as liquidity becomes a luxury. It’s a way to preserve returns, but means delving into assets that might be hard to offload.