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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

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