US pension fund mandates underline appetite for EM
A sharp increase in global emerging market fixed income mandates by US state and private pension funds reflects global dynamics, adding much-needed sticky money to the asset class.
Increasing numbers of US state and private pension funds are issuing RFPs for global emerging market debt mandates, underlining what many see as a long-overdue departure from traditional asset allocation.
Numerous large American state pension funds have issued such mandates recently, including the Public Employees Retirement System (PERS) in both Ohio and Iowa, the Louisiana Teachers’ Retirement System and the Massachusetts Pension Reserves Investment Management Board.
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