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Article: SURPRISINGLY, THE PARTY'S LIKELY TO LAST; Money has flooded the sector, but some think allocations should be even higher.(News)
- Article from:
- Investment News
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Thao Hua
PENSION FUND EXECUTIVES around the world are putting their faith and assets into emerging markets to provide more investment bang for the buck.
But some consultants and money managers think that pension funds still have a long way to go and need to increase those allocations closer to 35% of total assets or roughly the weighting of emerging markets in the global economy from the current allocation of about 5% or less for the average fund.
"Where pension funds are [invested in emerging markets], relative to where they should be, is a massive underweight position, said Jerome Booth, head of research and a member of the ...