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.
Despite healthy returns, however, non-US investments will represent only 3% of total US pension fund assets, which top $1 trillion.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
