Public pension plans got a chilly start to 2015, according to a recent report by BNY Mellon Investment Strategy and Solutions Group (ISSG) concerning how they fared in January 2015.
The assets of a typical plan were virtually unchanged from the month before, falling by a mere 0.1%. ISSG said that the plans benefitted from a strong performance by real estate investment trusts and high yield fixed income funds.
Public pension plans’ fortunes were hurt, however, by a drop in the value of U.S. equities in January. Overall, public pensions were 0.7% off their financial targets.
The assets of a typical plan were virtually unchanged from the month before, falling by a mere 0.1%. ISSG said that the plans benefitted from a strong performance by real estate investment trusts and high yield fixed income funds.
Public pension plans’ fortunes were hurt, however, by a drop in the value of U.S. equities in January. Overall, public pensions were 0.7% off their financial targets.
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