DENMARK - Finanssektorens Pensionskasse (FSP) has doubled its allocation to high yield debt from 4% to 8% of scheme assets.
The scheme has also increased its private equity allocation from 3% to 5%, according to figures on its website.
The fund has lowered its target allocation to overseas bonds, from 15% to 13%, but with a current allocation of 7.5% as of September 2007, monies would still have to be invested in the asset class in order to reach the target.
Overall, the target allocation for 2008 includes Danish bonds (30%), international bonds (13%), high yield bonds (8%), emerging market bonds (5%), Danish equities (7%), international equities (13%), private equity (5%), property (15%), hedge funds (2%) and other investments (2%).
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