FRANCE - The €31.3bn Fonds de Reserve pour les Retraites (FRR) has launched a search for two managers covering active US small cap equity portfolios, which are each worth €250m (US$344.4m).
Following a strategic review of asset allocations in May 2006, the pension reserve fund decided to geographically rebalance its equities holdings for “greater diversification”, according to a spokesperson.
The FRR opted to increase its international exposure and decrease its Eurozone exposure in all countries except France.
And it subsequently tendered for two passive French equity management mandates totalling a further €500m, earlier in July.
Later this year the FRR has announced it will also tender a mandate for the passive replication of commodities indices.
Here are key takeaways from our 2019 Asset Allocation Outlook on how we are positioning asset allocation portfolios in light of our outlook for the global economy and markets.
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