Oleksandr Usyk's heavyweight title rematch with Anthony Joshua set for early 2022


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The promoter of Oleksandr Usyk has said the Ukrainian's heavyweight title rematch with Anthony Joshua is set to take place in February or March next year.

Usyk humbled Joshua in their bout on Saturday, outclassing the British boxer and sealing victory via a unanimous decision - 117-112, 116- 112 and 115-113 - to claim the WBA, WBO, and IBF belts.

After the fight in London, Joshua said that he is “110 per cent” likely to activate a rematch clause contained in the contract for the bout that took place at Tottenham Hotspur Stadium.

“The approximate time that Eddie Hearn announced … after the fight, February-March, is indeed true,” Usyk's promoter Oleksandr Krasyuk said at a joint press conference with the boxer in Kiev on Tuesday. “Within this period, a rematch should take place.”

His remarks came after Usyk, who secured most of his victories outside of Ukraine, said that he “would love to have the rematch at Olympiyskiy Stadium in Kiev".

New champion Usyk also has his eyes on a title unification fight, once the Joshua rematch is out of the way. WBC heavyweight champion Tyson Fury of Britain faces American Deontay Wilder in Las Vegas next month in the third of three fights between the two.

“We can talk about the unification of all the belts only after Tyson Fury will have a boxing match again Deontay Wilder, and they determine the champion, and after our re-match with Anthony [Joshua]," Usyk said. “Of course, I would like very much to have this unification match.”

A former undisputed cruiserweight world champion and Olympic gold medallist, the 34-year-old Usyk was contesting only his third professional heavyweight fight. He follows in the footsteps of compatriots Wladimir and Vitali Klitschko who dominated the division from 2004-15.

Usyk's victory extended his unbeaten professional record to 19 wins and scuppered the prospects of an all-British world unification bout between Joshua and Fury.

It also meant that the Ukrainian became just the third cruiserweight world champion after Evander Holyfield of the United States and Britain's David Haye to also take a heavyweight title.

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Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

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