CalPERS' Morocco opportunity

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US - The California Public Employees' Retirement System (CalPERS) has added Morocco to its list of permissible emerging markets for public equity investments based on a Wilshire Associates report reviewing 27 countries.

The US$235bn fund already invests $5.2bn in emerging markets from a list of 20 nations which meet strict criteria including political stability, transparency and labour practice. CalPERS Board o...

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