8. Matched versus projective funding strategies What is a projective funding strategy used by pension funds? Constructing a portfolio that can benefit from expected market and interest rate movements Investment solely in a benchmark bond index Investment decisions made with the objective of generating cash flows that match planned outflow payments Investment solely in a benchmark stock index A matched funding method that suggests investing in long-term bonds to fund long-term liabilities and in intermediate bonds to fund intermediate llabilities is more suited for plans