This paper by Scott Berg, global large cap equity portfolio manager at T Rowe Price examines the secular growth trends that have underpinned emerging markets and whether there is still an argument for exposure to these markets within a global equities portfolio.
Kristen Paech talks to Michael Hanson-Lawson, CEO of East Capital Asia, about the new kid on the emerging markets block – Eastern Europe – and why pension funds should consider an allocation to the region, which has tripled nominal GDP over the past five years.
A return on investments of 4.5 per cent for the first six months of this year, contributed mostly through emerging markets and commodities, has resulted in the coverage ratio of the €180 billion ($250 billion) ABP increasing from 90 to 98 per cent, well within the 93 per cent by the end of 2009 stipulated
Pension funds no longer view the emerging markets as a tactical play, instead considering the region a strategic allocation within their portfolios. Murray Davey, managing director and chief investment officer – global emerging markets at UK-based Rexiter tells Kristen Paech why.
Investment grade bonds, followed by emerging market equities and then diversified global equities, are the asset classes which will best meet the requirements of large pension funds and multi-manager packagers, according to a survey of the fiduciaries of assets totalling more than $5 trillion.
The World Bank has set up a new asset management division, IFC Asset Management Company, and a new private equity fund, specifically designed to facilitate co-investment by sovereign wealth funds in developing countries.
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