Indonesia's Taspen to raise equity exposure next year
The state institution that manages Indonesian civil servants’ retirement funds will boost its allocation to stocks to make up for expected lower returns from fixed-income assets.
Jakarta-based Taspen has posted annual returns on its Rp33.5 trillion ($3.76 billion) old-age insurance fund of 11% to 13% since 2006, but may find such performance harder to come by in the years ahead.
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