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More European Pension Funds Penalize American Investments
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Austrian pension funds are increasingly focusing on European, emerging market and small-cap stocks to reduce their US exposure. US stock indices are highly concentrated at both sector and company level, and while this dynamic has led to significant outperformance in recent years, the sustainability of the trend is increasingly questionable, according to Investment & Pensions Europe. Meanwhile, the Danish government is encouraging the Danish pens…
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