UK balanced managers shift from UK to overseas equities

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UK - Balanced pooled pension funds last year moved money out of UK equities and into overseas equities, resulting in the lowest UK equities weighting in 15 years, according to Russell/Mellon.

Russell/Mellon’s CAPS Pooled Pension Fund Update revealed balanced managers invested just 51% - or about £12.8bn of the approximately £25bn invested in balanced pooled funds - in UK equities in 200...

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