PensionMandate.com:UK Local Government Pension Schemes prefer Global and Emerging Markets Equities

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According to PensionMandate.com data, the mandate tender activity for the first 3 quarters of 2012 showed that Local Government Pension Funds initiated procurement processes for 10 Emerging Markets Mandates and 9 Global Equities Mandates totalling £ 3.3bn.

UK Local Government Pension Schemes prefer Global and Emerging Markets Equities

According to PensionMandate.com data, the mandate tender activity for the first 3 quarters of 2012 showed that Local Government Pension Funds initiated procurement processes for 10 Emerging Markets Mandates and 9 Global Equities Mandates totalling £ 3.3bn. The British Local Authorities have tendered 34 investment mandates since January 2012.

Among Alternatives( accounting for £640m in tendered mandates) there were 3 Diversified Growth Mandates, one Absolute Return mandate, one Infrastructure mandate, and one Diversified Alternatives mandate.

Clwyd Pension Fund in Wales decided to invest £7m in Frontier Markets Equities.

The only UK Equities mandate was tendered by Merseyside Pension Fund(July 2012, £400m in passive management).

Out of a £6.7bn tendered in the first 9 months of the year, 15% were in Emerging Markets Equity, 34% in Global Equity and 12% in Bonds.

For more data please contact PensionMandate.com at contact(at)pensionmandate(dot)com

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Liviu Morariu
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