$60B Pension Fund Shopping Spree - Who Is In?!
Updated: Feb 24, 2021
Pension funds are required to be fully invested by year end using near $60 Billion they have sitting in cash.
In case you were wondering what caused 1,000 plus point surge in the DOW on Wednesday, here's some insight. Pension funds collect money from employees at regular intervals with the purpose to invest them. From time to time, as in recent days, they may be sitting on a stock pile of cash for various reasons. Before year end, it was estimated that 60 billion dollars of un-invested cash needed to find a home, preferably in the equities market since asset values made them an attractive bet.