Fixed Income Funds Win Rebalancing Flows From U.S. Plans

Jul 27, 2023

New York State Teachers’ Retirement System disclosed this week that it withdrew more than USD2 billion from internally and externally-managed international equity portfolios as part of its second-quarter rebalancing. More than USD1 billion of that rebalancing was poured into internally-managed long-term bonds as well as high-yield funds, the system said in a statement available on MandateConnect.

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