The Wales Pension Partnership (WPP) has launched the LF Wales PP Emerging Markets Equity Fund.
The fund, launched on 20 October 2021 with £505 million will be operated by Link Fund Solutions.
Link has appointed investment solutions provider Russell Investments as portfolio manager of the multi-manager strategy.
The fund will make use of Russell Investment’s enhanced portfolio implementation (EPI) framework, in order to reduce aggregate levels of trading and to provide the WPP with improved governance and control from an ESG perspective.
The fund is targeting 25% lower than the MSCI EM Index in terms of carbon footprint and carbon reserves at sub-fund level.
Artisan Partners, Axiom International Investors, Bin Yuan Capital, Barrow Hanley Global Investors, Numeric Investors and Oaktree Capital Management have been appointed as sub-delegates.