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Reduces Weighting of Foreign Stocks and Expects "Much Smaller Yield" From the West Coast
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Unlike other major pension funds in the country, Birta has set itself the goal of further reducing the weight of foreign stocks in its portfolio in the coming year. The fund's managers point out that, given the economic outlook and pricing in international stock markets, especially in the United States, investors should "hope for the best but prepare for something less."
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