ERAFP diversifies allocations

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FRANCE - ERAFP, the French public service additional scheme, has announced it is to tender €1.2bn (US$1.88bn) of international equities and investment grade Euro denominated bonds over the next three years.

ERAFP, which has assets under management of €4.7bn, said the decision to move into new asset classes was taken as a result of a board-level resolution to widen the fund's strategic asset allocation...

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