Philippines' GSIS eyes more offshore exposure

The Philippines’ state pension scheme for state employees may increase its international equity allocation via exchange-traded funds next year, and other offshore assets are also under consideration. The Government Service Insurance System (GSIS) is tentatively speaking to asset managers about various types of foreign investments. It now has more scope to go offshore, having secured approval from its board in late September to raise its equities allocation limit to 30%, from 20%. …