India’s huge state social security fund is taking the plunge into equity markets
Last week it was announced that India’s state social security fund, one of the world’s largest state funds, will start investing in equity markets.
We have seen this script before with the world’s largest pension fund, the Japanese government pension fund, announcing a large increase in its allocation to equities in 2014, which no doubt contributed to the outperformance of Japanese equities over the last year.
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