EMERGING MARKETS - Ashmore Investment Management's flagship fund, the Emerging Markets Liquid Investment Portfolio, has posted a 21.2% return for the year to July 31.
The fund’s benchmark – the JP Morgan EMBI global diversified composite index – returned 11.2% over the same period.
The Ashmore fund has returned 20.2% since its launch in October 1992, compared to the index, which has returned 13.6%.
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.