Aug
07
Pension Funds Are Boosting Bull Market Bets as Stocks Climb Higher
ByRetirement systems that manage money for public workers had a median 59% of their assets in equities at June 30, their largest allocation to stocks since 2014
Public pension funds aren’t backing away from stocks as the bull market grinds through its ninth year.
Retirement systems that manage money for U.S. firefighters, teachers and other public workers had a median 59% of their assets in domestic and international equities as of June 30, according to new data from Wilshire Trust Universe Comparison Service, up from 57% a year earlier. That is their largest allocation to stocks since 2014…
Pension Funds Are Boosting Bull Market Bets as Stocks Climb Higher
