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.
Equity strategies may not stand up to the complexity of the fixed income markets.
US, Canadian equities were top-performing asset classes.
Despite a Q1 comeback, ABP, PFZW officials are worried about low interest rates, future benefit reductions.
Expanding stockpiles and surging shale pumping may put upper limit on petrol reprise.
The average investor fled from the stock market and ended up losing twice what the S&P 500 did, Dalbar says.
For the past 20 years, the fourth month has been the best for the S&P 500, rising an average 1.7%, LPL Financial says.