A Catholic industry superannuation fund has added more money to its emerging market mandate.
Industry fund, the Catholic Superannuation and Retirement Fund (CSRF) has doubled its investment in emerging markets.
The asset class now represents six per cent of the fund's investment portfolio. The mandate will be managed by the fund's existing manager Lazard.
The investment changers were a result of the fund's review of its $1 billion international equities portfolio.
"We see regular reviews of our investments in all markets and asset classes as an essential part of ensuring we are making our members' money work hardest for them," CSRF chief executive Greg Cantor said.
The fund's international equity managers include Alliance, Barclays Global Investors, Credit Suisse and GMO.
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