Another Pension Fund Reduces EM ETF Exposure
May 15, 2014 at 08:00 AM EDT
Another large pension fund has slashed exposure to emerging markets exchange traded funds. This time, it is Canada’s Ontario Teachers’ Pension Plan. The $129.2 billion fund sold nearly three-quarters of its stake, valued at $1.2 billion, in the iShares MSCI Emerging Markets ETF (NYSEArca: EEM) in...