US INVESTORS: CAUTION OR MULISH OBSTINACY?
Timid US money managers and pension fund sponsors who continue to shy away from foreign investment should consider whether their safety-first investment policy conflicts with the best interests of their members.
Non-US assets of American pension funds, which benefited from the upward trend of European and Asian markets and the decline in the dollar, grew from $27 billion at the end of 1985 to $38 billion by mid-1986, according to Intersec Research Corporation.
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