Public Pension Plans Continue to Shift Into U.S. Stocks – Wall Street Journal

As the bull market enters its 11th year, state and local pension plans are piling on risk, as they try to make up shortfalls. Public plans had a median 47.3% of their assets in U.S. equities at the end of the third quarter. That is more than they have had since 2007 and up from 44.1% a year earlier.

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