Productive finance: old wine in new bottles?

Asset owners are being encouraged to consider greater allocations to so-called ‘productive finance’. But is there consensus on what we mean by productive finance and does it matter? How will these investments be funded given significant pension and insurance gilt and corporate bond holdings to hedge liabilities as well as regulatory and capital constraints? Our panellists, which include signatories of the Mansion House Compact, share their birds-eye view of the unfolding debate and discuss the key considerations for asset owners.