January 29, 2018 / 4:13 PM / 8 months ago

U.S. pensions seen adding bonds, paring stocks - Wells Fargo

NEW YORK, Jan 29 (Reuters) - U.S. pensions are expected to shift more money into bonds and out of equities to rebalance their holdings at month-end in the wake of strong gains in the stock market in January, Wells Fargo strategists said on Monday.

Retirement plans may need to add $16 billion in fixed income and to reduce up to $20 billion in equities for their month-end asset-allocation rebalancing, they wrote in a research note.

Reporting by Richard Leong

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