Direct listing would allow companies to sell shares in opening auction on first day on exchange.
Almost 1 in 3 of them are heading into retirement equity-heavy, fund house finds.
Funded level was 73% in fiscal 2018, helped by lower liability increases.
A large move into equity factor investing was key for largest US pension.
The last time that happened was during the financial crisis, Bespoke says.
So says JP Morgan’s trading honcho, Marko Kolanovic, who thinks more than half the moves were due to algos.
Mercer report explores key trends in international investor activity, including a reduction in fixed income in favor of equities.