Pension funds jump into North American equities

Four out of five pension funds in the CAPS pooled pension survey increased their North American Equi...

Four out of five pension funds in the CAPS pooled pension survey increased their North American Equity holdings over the third quarter. This is the highest allocation to this sector since 1993. North American weightings rose from 4.9% to 5.7% over the quarter, while the average weighting in UK equities increased from 52.9% to 54.4%. Overall overseas equity weightings declined from 27.7% to 26.7%. The shift helped pension funds capitalise on North American equities' record of providing some of the best returns for the first nine months of the year. Their median return of 11.2% was well a...