Tuesday, 15 February 2011

UN pension fund proposes higher investment in India

New Delhi, Feb 15 (IANS) In what could give a big push to Indian stock markets, the United Nations and its affiliate agencies want to invest more from their $42-billion corpus of pension funds in this country, especially in infrastructure and realty.

The members of the investment committee of the United Nations Joint Staff Pension Fund (UNJSPF), an expert group that advises on where to invest pension funds, were in India last week and held a series of meetings with asset management firms here.

'We are looking more strategically at diversification of our investments, particularly in emerging markets and specifically with regard to more opportunities the fund could take advantage of here,' said Warren Sachs, the UN secretary general's representative for investment of UNJSPF assets.


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