Summary
The Emerging Markets Equity Multi-Client Pool will invest in a combination of investment strategies that capture the growth in emerging economies and equity markets. The Pool will seek diversification by investment philosophy and process (i.e. fundamental versus quantitative, bottom-up versus top-down), investment horizon and style (value, growth, quality). The Pool is divided into the following strategies: Core Fundamental, Core Quant, High Conviction and an Smart RI Index Strategy. The Pool seeks to outperform the benchmark by combining internally and externally managed strategies. The Pool targets to be beta and style neutral for most risk factors; main risk contribution should come from Country, Stock and Sector positioning. The Pool is actively managed against an overall compounded benchmark, of which 15% is the iSTOXX APG Emerging Markets Responsible Low-Carbon SDI Index which excludes all constituents that are on the Exclusion List and includes companies that are classified as ESG Leaders- or ESG Average Performers.