FRANCE - ERAFP, the French public service additional scheme, has announced it is to tender €1.2bn (US$1.88bn) of international equities and investment grade Euro denominated bonds over the next three years.
The international equities mandate will exclude emerging markets and be worth €150m each year for the next 3 years, with the potential to extend the mandate by a further three years.
Similarly, the investment grade bond mandate, which will be denominated in bonds will be worth €250m and run for three years.
ERAFP said the new allocations would have to conform to the fund's criteria on socially responsible investments (SRI) and the UN Principles of Responsible Investment (PRI), to which it is a signatory.
This week's edition of Professional Pensions is out now.
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