Summary
The purpose of the APG Emerging Markets Multi-Client Equity Pool is to provide access to a diversified portfolio of the equity and equity-related products of companies established or otherwise predominantly active in emerging markets. It aims to offer beta exposure and to outperform the benchmark through active management. The Pool's risk exposure is predominantly determined by stock-specific risk and country risk.
The Pool invests in a combination of investment strategies that capture the growth in emerging economies and equity markets. The Pool seeks diversification through its investment philosophy and process (i.e. fundamental versus quantitative, bottom-up versus top-down), investment horizon and style (value, growth, quality). The Pool can be divided into the following skill-based strategies: Core Fundamental, Core Quant, High Conviction and Smart RI Strategy. The Pool seeks to outperform the benchmark by combining internally and externally managed strategies. The Pool endeavors to be beta and style neutral for most risk factors with the main risk contribution coming from country, stock and sector positioning. The Pool is actively managed against the benchmark.