FIM adds frontier runds to Swedish PPM platform
FIM is adding two more funds to the PPM platform operated by the Swedish Pensions Agency, through which investors can self-select funds into which a portion of their long term savings are invested.
The funds are FIM Sahara and FIM Frontier.
The Sahara fund is an equity fund invested in companies listed in the Middle East or Africa – for example, with exposure to GCC markets – and is classifed as an emerging market equity fund by the Agency. (https://secure.pensionsmyndigheten.se/FondfaktasidaPopup.html?id=377192)
The Frontier fund is a broader emerging markets fund, with a mandate to invest up to 20% of the portfolio in companies that are larger and represent more liquid equity than the average. (https://secure.pensionsmyndigheten.se/FondfaktasidaPopup.html?id=413021)