Calpers proposes BRIC investments


The California Public Employees' Retirement System's (Calpers) investment team has put forward a proposal to its board to invest in China, Russia, Brazil and India, with the decision expected to be made in mid-November. The four markets currently fall outside the permissible equity market list of Calpers, the US' largest public pension fund.

The list of permissible markets is prepared every year based on an analysis by Wilshire Associates, an international portfolio analytics, investment

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