For immediate release: The People’s Pension invest in “adaptive cap” to risk manage exposures to large companies

The People’s Pension1 has taken further steps to ensure its members get the best possible returns on their savings by investing in the World Adaptive Capping Equity Index, referred to as “adaptive cap”, through State Street Global Advisors Limited.   The index sets a limit on the size of the investment in a single holding within the fund, to reduce exposure to the biggest companies and seeks to improve diversification by increasing the exposure to smaller holdings. This reduces the concentration of members’ holdings with individual companies, reducing the effect that any one company