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CFS switches global equities benchmark

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By Vishal Teckchandani
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1 minute read

Colonial First State (CFS) has changed the benchmark for its $3 billion multi-manager global equities funds from the MSCI World Index to the MSCI All Countries Index.

The change allowed the underlying managers of the funds to take a higher exposure to emerging markets, CFS head of FirstChoice Investments Scott Tully said.

"Our decision reflects the increasing significance of the emerging markets in the global markets," Tully said.

"We felt that the All Countries benchmark, which includes emerging markets, was a better representative example of where we want our managers to invest."