Japan pension funds cut domestic stock holdings
Tuesday, April 21, 2009 : PermalinkReuters – Japanese corporate pension funds have been cutting their domestic stock holdings and buying more domestic bonds to avoid risky bets amid financial turmoil, a JP Morgan Asset Management survey showed on Tuesday.
Pension funds on average lost about 18.4 percent on their investments in the financial year that ended in March, the survey of 75 funds found.
Tags: bets, corporate pension funds, domestic bonds, domestic stock, financial turmoil, investments, jp morgan asset management, jp-morgan, management survey, reuters, stock holdings
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