Weekly Digest: Philippines pension mulls more managers; HK gives nod to spot bitcoin ETFs
Philippines' SSS plans to outsource more to investment managers; HK approves spot bitcoin ETFs, Nippon Life Insurance sets up new India unit; APG in joint deal to invest in Australian student housing; and more.
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The Philippines' Social Security System (SSS) is considering to tap more fund managers this year as part of a strategy to further diversify its investment portfolio.
The pension fund manager for private sector employees and self-employed is looking to tap five or six more local fund managers this year, Ernesto Francisco Jr., SSS vice president for fund management, told reporters on the sidelines of a recent press briefing.
“Internally, we’re confident (wit…
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