Earlier, the fund had reduced its long-term expected annual returns guidance to 7.2% from 7.8% earlier, citing subdued returns from equities. At the same time, the fund also reduced its active risk budget.
Earlier, the fund had reduced its long-term expected annual returns guidance to 7.2% from 7.8% earlier, citing subdued returns from equities. At the same time, the fund also reduced its active risk budget.