Institutions spread bets in search of income

The increasing importance of finding reliable sources of income was borne out in a new survey of institutional investors in Europe and Asia. The poll of 52 institutions – insurers, corporates and public pension funds – found that over half with an explicit income yield had failed to meet it in the past five years. Asian institutions recorded an average 5% yield against a 5.2% target over the period, while European peers reported 3.4% against a 4.2% target. Expected yield over th…