Ian McLeish, manager of the century old Scottish Investment Trust says pension funds are likely to r...
Ian McLeish, manager of the century old Scottish Investment Trust says pension funds are likely to reduce their equity holdings as part of a longer-term trend of re-weighting assets. The big build-up in equity holdings by pension funds in the 1980s and 1990s is unlikely to occur again, McLeish says, and that will contribute towards keeping the market from experiencing another 1990s-style equities boom. "Pension funds are still probably overweight in equities," SIT says in a document released by McLeish. Pension funds are unlikely, however, to unload their holdings all a...
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