The LGPS Access local authority pool has received approval from the Financial Conduct Authority (FCA) for its global equity sub-fund.
Asset Management Exchange (AMX) has added tax transparent global equity vehicles to its range of investment funds to cut scheme costs and increase transparency across the industry.
Japanese equities plunge 5%
Most active funds have underperformed their passive benchmarks over the last ten years, according to S&P Dow Jones Indices.
The bias of UK schemes to domestic equities cost them around 2% in lost returns last year, according to research from Goldman Sachs Asset Management (GSAM).
The £1.45bn Berkshire Pension Fund has appointed Kames Capital to manage a £70m global equity mandate.
Legal & General Investment Management has launched a diversified fund aimed at defined benefit and defined contribution pension scheme investors.