EUROPE - Frank Russell had added to its multi manager line up in its European investor range.
Singapore-based APS Asset Management has been selected to the $337m FRIC Pacific basin Equity Fund and the $93m MSMM Pacific Basin Equity Fund. The firm joins three other undisclosed managers.
Commenting on the appointments, Symon Parish, portfolio manager at Russell, said: “The addition of APS will provide the fund with further diversification, principally due to its smaller capitalisation focus and sensitivities.”
Approximately 100 managers are selected for assignments within Russell’s multi-manager funds. The firm manages around EUR75bn in assets, of which over EUR14bn in managed worldwide.
By Madhu Kalia
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
Jupiter Asset Management's Abbie Llewellyn-Waters, manager of the Jupiter Global Sustainable Equity strategy, explains why firms need to integrate ESG into their business model