NETHERLANDS/NORDICS - Increasing allocations to emerging markets will be a priority for three-quarters of large pension funds in the Nordics and Netherlands over the next three years, according to Nomura Asset Management.
Mark Roxburgh, head of marketing & client services at Nomura, said: "This survey shows investors remain confident that the strategic case for emerging markets remains, despite the current turmoil. Indeed we would expect some funds to see it as a buying opportunity given their time horizon"
Nomura also found the use of a specialised manger in the region could produce annualised returns up to 2% higher than a single manager.
It also said while 40% of institutional investors already used regional or country-specific mangers in emerging markets, only a small minority used an emerging market equity manager rather than global emerging market funds.
Roxburgh added: "We would expect some investors in this asset class to take a regional specialist manager approach in order to improve returns and lower risk."
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.
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