China's NCSSF tipped to issue more overseas mandates
The social security investment body is expected to look for more external managers this year after mandates in 2014 helped its fund deliver the best annual returns for five years.
China’s social security investment council NCSSF has been tipped to hand out more mandates with a higher overseas exposure this year.
It comes as NSSF, the fund managed by NCSSF, announced its highest annual returns in five years, which was boosted by an increase in outsourced mandates.
And with a Chinese province recently handing over a mandate to NCSSF, the body’s total assets look set to continue to grow.
The National Social Security Fund saw annual returns of 11.69% in 201…
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