AP3: new mandate structure for US equities

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SWEDEN - AP3 has changed its mandate structure for US equities, dividing the portfolio into three market cap branches to bring it in line with the SEK152bn (e16.9bn) fund's European equity portfolio.

The move, which splits the portfolio into large, mid and small cap, sees a new mandate awarded to Dimensional Fund Advisors Inc. Previously, mid and small cap were managed as one single mandate. ...

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