View more on these topics

Nest seeks emerging market bond fund mandate

Pensions-savings-retirement-piggy bank

Nest is seeking to add an emerging market bond fund mandate to its “building block” funds.

The scheme is searching for an actively managed pooled fund that blends bonds denominated in local and hard currencies.

The deadline for receiving tenders is October and the contract will be awarded in early 2016.

Nest’s existing building block asset classes are: global developed equities, UK gilts, UK index-linked gilts, low-risk sterling liquidity, global ethical equities, Sharia-compliant equities, Sterling investment grade bonds, UK direct property, hybrid property, ethical corporate bonds, emerging markets, and single year gilts.

Nest chief investment officer Mark Fawcett says: “Emerging market debt is becoming a strategic holding for a growing number of pension schemes. This is in part because emerging market bonds can offer attractive yields in an otherwise low yielding fixed income environment.

“Nest is committed to searching out new opportunities for diversification where we see potential benefits for our members.”

Recommended

Mark-Carney-close-up-focused-700.jpg
1

Carney: UK rate rise unaffected by China woes

Bank of England governor Mark Carney has said last week’s turmoil in China will not affect the timeline of any rate hike in the UK. Speaking at a US central banking conference on Saturday, Carney said while the market crash and currency devaluation in China may affect inflation, he does not expect it to delay […]

Nigel-Stockton-whitebg-700.jpg

Bellpenny targets larger advice firms in acquisition rethink

Adviser consolidator Bellpenny is to shift its focus to fewer, larger deals as it eyes a stock market listing. New chief executive Nigel Stockton, who takes charge of the firm today after leaving Countrywide, says smaller deals take as much work as larger acquisitions. He says: “We’ve now done 30 in the first three years […]

US loan growth is not painting a pretty picture for the US economy

Written by Mike Riddell One of the current big debates in global financial markets is whether investors should believe ‘hard’ rather than ‘soft’ data, where the usually reliable business and consumer surveys have been suggesting strengthening in global growth momentum for some time now, while the economic data that feeds through into the Gross Domestic […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. What is the risk profile of this stuff.

  2. If accountants and payroll bureaus are setting up auto enrolment pensions are they going to be monitoring NESTs emerging market bond fund allocations?- this is an accident waiting to happen

Leave a comment