Overseas exposure at Icelandic pension portfolios may go up after central bank governor backs lifting limits
Roughly 34 percent of all pension assets in Iceland are currently invested abroad, so just increasing allocations to 50 percent would mean a shift of around EUR 6.5bn from domestic holdings much of which could be handed to international asset management firms.
The governor of Iceland's Central Bank, Ásgeir Jónsson, has called for greater foreign investment by Icelandic pension funds and for the current 50 percent ceiling for foreign assets to be raised, reports IPE.com.
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