Personal Pension  

Nest set to expand offering by adding emerging market funds

The chief investment officer at Nest said the auto-enrolment pension provider was looking to procure a global emerging market equity index-tracking fund, and an alternative index global emerging market fund.

Mr Fawcett said: “We are continuing to refine our already sophisticated investment approach.

“These emerging markets mandates will allow us to further access an asset class with the potential to deliver good growth for our members, as well as greater scope for diversification.”

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A statement by Nest said it would consider “any established, well constructed emerging market equity index” for the global emerging market equity index-tracking fund, including those applying an environmental, social and governance screen.

Among leading emerging market fund providers who were asked if they would tender for the funds, neither Aberdeen Asset Management, Schroders, JP Morgan or First State Investments would comment.