Japan’s public pension fund, the world’s biggest manager of retirement savings, said it will reduce its holdings of local bonds and buy more shares. The bond allocation is being reduced to 60% from 67%.
http://www.businessweek.com/news/2013-06-07/japan-s-pension-fund-cutting-local-bond-holdings-to-buy-equities
I suspect that the equity markets have further to go, at least until central banks start tightening.
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