Danish Fund Questions Correlations

The video discusses how a major fund is adapting its investment strategy due to economic uncertainties. The fund is cautious, focusing on preparing for retirement and retooling its approach by breaking down investments into factors rather than asset classes. Concerns about central banks' predictability and transparency are highlighted, along with a significant hedging program to protect purchasing power. The fund is also making long-term bets on inflation, despite current low levels, and is uncertain about the future impact of central bank policies.

What strategies is the fund employing to protect pensioners' purchasing power?

What uncertainties does the fund face regarding central banks' monetary policies?