Singapore's state pension fund, the Central Provident Fund (CPF) Board, has hired research firm Morningstar as its investment consultant.
Singapore's state pension fund, the Central Provident Fund (CPF) Board, has hired research firm Morningstar as its investment consultant.
Morningstar will replace the CPF Investment Scheme's current investment consultant firm, Mercer, from March 7.
The firm will evaluate product providers, such as fund managers and insurers, as well as their products, such as unit trusts, investment-linked insurance products and exchange-traded funds, seeking to be included in the CPF Investment Scheme.
The contract is for a period of three years, with the option of extending it for two additional one-year terms.
"We are very honoured and excited to be working with the CPF Board going forward," Morningstar Asia chief executive Jin Tian said.
In Part 2 of our exclusive series, we ask leading names to nominate their best investments, the most effective industry group and the importance of platforms.
A former colleague of mine once offered the opinion that industry superannuation funds are reconstructed socialists - despite their union influence, these funds have grown and benefited from a global capitalist world.... read more »
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