BoA: Pension Managers Could Be About To Give Up Bond yields have plunged since Brexit, and it looks as if they are set to continue their downward decline going forward as the Bank of England, European Central Bank, and US Federal Reserve all adopt a more dovish tone to calm financial markets. This is bad news for pension funds. According to the most recent Milliman estimate, as reported in a new research note from Bank of America, the average funded ratio of the top 100 US corporate defined benefit pension plans already had dropped to 77% by the end of…
BoA: The pension Pain Trade
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk