Ashmore: pension funds should do scenario planning

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GLOBAL - Pension funds should base their investment decisions on scenario planning given current market uncertainty, but this is prevented by the fact the pension industry is massively incentivised to herding, Ashmore head of research Jerome Booth said.

In an interview with GP, Booth said decision makers should start by working out different scenarios at a global level and determine how these could affect pension funds' investments. He said: "P...

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