Pension Funds to Withdraw $325B from Stocks, Shift to Bonds and Private Markets in 2024
Goldman Sachs analysts predict a significant shift in pension fund investments in 2024, estimating a withdrawal of $325 billion from stocks, a substantial increase from $191 billion in 2023. This reallocation sees funds moving towards bonds and private markets. Notably, CalPERS, the largest public pension fund in the U.S., plans to withdraw $25 billion from stocks. Concurrently, Goldman Sachs forecasts a 9% rise in S&P 500 total cash spending for 2024, reaching $3.7 trillion, driven by a 15% increase in cash mergers and acquisitions and a 13% increase in buybacks.
Sources
Bloomberg
Pension funds will pull some $325 billion from equities this year. It may not pay to follow them out, says Aaron Brown https://t.co/xoYMygSgrt via @opinion
Robert BurgessPension funds will pull some $325 billion from equities this year. It may not pay to follow them out, says Aaron Brown https://t.co/vPUXLynbRh via @opinion
*Walter Bloomberg ❖ GOLDMAN SACHS EXPECTS 2024 S&P 500 TOTAL CASH SPENDING TO RISE • Goldman Sachs forecasts a 9% increase in S&P 500 total cash spending for 2024, reaching $3.7 trillion. • The rise will be led by a 15% increase in cash mergers and acquisitions and a 13% increase in buybacks.… https://t.co/ZXmGfCTeQl
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