British pension funds shun riskier assets, plough £31bn into gilts


British pension funds have been shunning riskier asset classes in favour of gilts, new statistics revealed by the Office for National Statistics revealed. The £31bn piled into gilts during the 2016 by pension funds was the most recorded in a single year in the past half a century:

According to figures from the Office for National Statistics, pension funds allocated £31bn into gilts over the course of 2016.This is the highest level of annual net investment in gilts by pension funds the ONS has recorded in more than half a century, and reflects the shift towards less risky assets.

Source: FTadviser


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