Studies have shown that pension funds have inherent biases to their domestic markets within their equity allocations. In this research paper we measured the extent of the home bias in the US, UK, Japan, Canada and Australia between 2008-2019, using the FTSE All-World Index to analyze the market characteristics, performance and volatility of these five pension fund markets.

Read 'Appraising home bias exposure using the FTSE Global Equity Index Series (FTSE GEIS)' for our assessment of the extent and impact of home bias in their respective equity allocations, and to learn whether it has benefited investors.