January 25, 2019 / 6:38 PM / 6 months ago

U.S. pensions seen moving $12 bln to bonds from stocks - Wells Fargo

NEW YORK, Jan 25 (Reuters) - U.S. pension funds are projected to shift $12 billion into bonds from stocks in a rebalancing of their investments at the end of January, amid a rebound in the stock market following a sharp sell-off in late 2018, Wells Fargo Securities analysts said on Friday.

The expected reallocation into fixed income from equities was far below the estimated $65 billion that occurred in late December, the analysts said in a research note. (Reporting by Richard Leong Editing by James Dalgleish)

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