Asset class shrinking, and pension will need to allocate at least $3 billion more than last fiscal year to sustain 8% target.
Almost 1 in 3 of them are heading into retirement equity-heavy, fund house finds.
Study finds number of cynics about ESG cut in half since 2017.
Fund boosts renewable energy investments 100-fold since 2016.
The funds will be used to boost revenues.
Investors’ plan allocations to US equities averages 47.3%, the highest level since 2007, says Wilshire.
Plans returned 1% for quarter, 4.58% for year, says Wilshire Trust Universe Comparison Service.
Guy Opperman insists plan trustees must ensure that investment managers employ ESG tenets.
Environmental groups say CalPERS, CalSTRS, and Colorado PERA missed $19 billion by keeping fossil fuel stocks in their portfolios.