NEST seeks passive emerging market exposure

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15 Nov 2013

The National Employment Savings Trust (NEST) is looking to procure two passive emerging markets (EM) funds to use as building blocks in its default fund.

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The National Employment Savings Trust (NEST) is looking to procure two passive emerging markets (EM) funds to use as building blocks in its default fund.

The National Employment Savings Trust (NEST) is looking to procure two passive emerging markets (EM) funds to use as building blocks in its default fund.

NEST said it was looking for a global EM equity index-tracking fund and an alternative index global EM fund for its default Retirement Date Funds and in other fund choices as appropriate.

Chief investment officer Mark Fawcett (pictured) added: “We’re continuing to refine our already sophisticated investment approach – these emerging markets mandates will allow us to further access an asset class with the potential to deliver good growth for our members as well as greater scope for diversification.”

NEST said it will consider any established, well-constructed EM equity index for the global EM equity index-tracking fund, including those applying an environmental, social and governance (ESG) screen.

While for the alternative index global EM fund, NEST is looking for funds that feature a ‘value’ style bias or tilt rather than a typical market cap index in which typically the biggest companies get the biggest weighting.

Details of the tender can be found here: http://ted.europa.eu/udl?uri=TED:NOTICE:385015-2013:TEXT:EN:HTML

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