Japan’s Government Pension Investment Fund (GPIF) has drawn up a list of 11 money managers for its emerging markets equity investments, of which half may be picked eventually, Reuters reports. The list includes Nomura Asset Management, BNY Mellon, Invesco, BNP Paribas Investment Partners and Sumitomo Mitsui Asset Management. The public pension fund intends to invest small amounts in stocks and will track the performance of the MSCI’s main emerging market stock index. The GPIF will assign funds to emerging markets equities from its foreign equities portfolio, which accounts for almost 11 percent of its total assets.
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