Texas ERS eyes opportunistic credit

The US public pension fund sets sights on global credit strategy.

The Employees Retirement System of Texas (Texas ERS) starts targeting opportunistic credit strategy.

It recommends two percent of allocation opportunistic credit strategy for its portfolio in the next two years and further raise it to three percent in the next third and fourth year.

Also, it seeks to increase its current allocation of global credit strategy from 10 percent to 11 percent for the next four years.

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