Sounds like the very smartest money, when it must be invested conservatively, makes the obvious choice. Only those desperate (state pension funds) or reckless (hedge funds, financial services firms) seem to take outsized bets. Those that survive can show great annual returns, for a while anyway. Bonus is that the sovereign wealth funds strengthen the diplomatic leverage a country has by holding significant portions of international stocks and bonds.This is quite a bogleheads take for such a large fund. Vast majority of their assets is indexing, with just a small active tilt.
Statistics: Posted by z3r0c00l — Mon Nov 25, 2024 5:20 am — Replies 9 — Views 847
