Owning Vol Is Attractive In Inflationary Environment: Ilmarinen

Leo Niemelainen, senior portfolio manager at Ilmarinen, a mutual pension insurance company in Finland with around EUR59 billion in assets under management, said the biggest opportunity in the market right now is to be selectively long uncertainty through owning volatility. He said this could be done by owning front end rates, despite the levels being high compared to pre-COVID.