FYI: Pension funds are poised to shift as much as $1 trillion from stocks to bonds in coming years to lock in gains and limit the potential for big losses, according to Wells Fargo & Co.
“Definitely there’s a lot of money that will want to move,” said Andy Hunt, head of global credit and liability-driven investing at Wells Fargo Asset Management, predicting it will happen within roughly five years. “Best case, it’ll be between a half a trillion and a trillion.”
Regards,
Ted
http://www.fa-mag.com/news/pensions-seen-yanking-up-to--1-trillion-from-stocks-to-trim-risk-34414.html?print
