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Emerging market equities are widespread in the portfolios of institutional investors. Over 20 years, however, the MSCI Emerging Markets has underperformed the MSCI World. The following article aims to explain reasons for this underperformance. Our analysis shows that the strength

Swiss pension funds have coped well with the effects of COVID but the pension system needs to be brought up to date. The capital-weighted average funded ratio has risen to its highest level in 20 years Pension funds are being