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| BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe. |
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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
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S&P National Bond Index
|
3.00% |
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S&P California Bond Index
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2.96% |
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S&P New York Bond Index
|
3.13% |
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S&P National 0-5 Year Municipal Bond Index
|
0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| More |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
|
848.03 |
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S&P U.S. Preferred Stock Index (CAD)
|
636.26 |
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S&P U.S. Preferred Stock Index (TR)
|
1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
|
1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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California Pension Fund Shifts Money From Corporates to Inflation Bonds |
Bloomberg - Dec. 13, 2010 - By Michael B. Marois
The California Public Employees Retirement System, the largest public pension plan in the U.S., will reduce its holdings in corporate bonds by 4.1 percentage points, moving the money into cash, inflation-linked bonds and infrastructure.
The fund’s governing board today agreed to invest 15.9 percent in bonds, down from its 20 percent target. To reach that goal, Calpers would have to sell about $14.6 billion of the fixed-income holdings it reported as of Oct. 31. The board will increase investments in U.S. Treasuries and cash to 4 percent from 2 percent.
The $218 billion fund earned 13.3 percent on its holdings in fiscal 2010, following a loss of 23.4 percent in 2009, the biggest annual drop in the pension’s 78-year history. The loss, coming as the economic crisis felled Lehman Brothers Holdings Inc. and pushed global stock markets down 31 percent, prompted Calpers to seek more from taxpayers to cover retiree benefits.
“We are signaling the direction of the fund we’d like to take,” Chief Investment Officer Joe Dear said today.
The board agreed to keep its private-equity holdings at about 14 percent of assets and real estate at 10 percent. It will increase to 3 percent from 1 percent the amount it invests in inflation-linked bonds. Calpers will continue to put about 49 percent in public stocks.
The asset allocation shift assumes the fund will earn 7.38 percent, the same it estimated before today’s change.
For the complete article.
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Income Security Recommendation January 2013 Issue.
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