Companies / PHNX
LONPhoenix Group Holdings (PHNX) in our theses
Phoenix Group Holdings appears in one of our theses. Below is why it entered the basket and how it has done since publication.
The bond rout squeezes borrowers everywhere, and quietly clears the queue for Britain's pension buyouts
Higher long yields cut the price of a pension buyout faster than they cut scheme assets, pushing UK DB schemes over the line into insurers' hands.
Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
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