GLOBAL - Crédit Agricole Asset Management (CAAM) has launched an equity fund focused on the agricultural sector.
"The way we do it is by buying equities of the producers, such as milk producers or dairy farms."
He said commodities would tend to outperform such a fund when it initially opened, but this tendency reversed and pension funds would benefit from switching their investment from commodities to equities.
Fragneau commented that the agricultural sector has outperformed the global stock market from the beginning of the year.
"This is the objective we have set for this fund," he added.
In terms of socially responsible investment, Fragneau said it is not an "ethical fund", but the companies involved "are in the spotlight and it would very easy to check upon their activity from an ethical perspective".
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.