From Reuters article: "Great Rotation" may have already begun
"While this switch may be small, it helped boost the equity weightings of U.S. pension funds and insurance companies - a $25 trillion industry - to 45 percent at the end of the first quarter, the highest level since 2007, according to JP Morgan."
What is unclear is the seeming contradiction between this statement in the article and the image that they subsequently link to: "until now, the available data showed the flows driving stocks have come out of money markets, not fixed income."
Which makes me wonder how Alan Higgins can say "equities are under-owned at institutions. They are rebuilding. You are likely to see more of this over time."
"While this switch may be small, it helped boost the equity weightings of U.S. pension funds and insurance companies - a $25 trillion industry - to 45 percent at the end of the first quarter, the highest level since 2007, according to JP Morgan."
What is unclear is the seeming contradiction between this statement in the article and the image that they subsequently link to: "until now, the available data showed the flows driving stocks have come out of money markets, not fixed income."
Which makes me wonder how Alan Higgins can say "equities are under-owned at institutions. They are rebuilding. You are likely to see more of this over time."
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