European pension funds increase weightings in non-traditional asset classes; 47% of Irish schemes have indicated a further decrease in equity exposure
Apr 22nd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Following last year’s unprecedented market conditions, European pension schemes are increasing their allocation to non-traditional asset classes to manage their risks more effectively, according to Mercer’s annual European Asset Allocation Survey. The survey of over 1,000 European pension funds with assets of €400 billion found that 60 percent of European schemes (excluding the UK) expect to introduce new investment opportunities into their portfolio to help manage future investment risk. 47 percent of Irish schemes have indicated a further decrease in equity exposure.