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2 clusters · 3 sources · 5 days · First seen · Last updated

Global pension funds reducing US equity exposure

Overview

In late September 2026, US pension funds were projected to sell approximately $33 billion in equities, a volume representing the 98th percentile of data recorded since 2000.

By early October, major global pension funds, including institutions from Australia, Canada, and the United Kingdom, began reducing their exposure to US equities. This shift is driven by concerns over high market valuations and extreme concentration in artificial intelligence companies. Portfolio managers have indicated that US fundamentals appear to be “more than fully priced,” leading to a move toward diversification. Research suggests that one-third of surveyed entities with combined assets exceeding $5 trillion plan to cut US equity exposure over the next 12 months.

Entities

Goldman Sachs · Deloitte · AustralianSuper · S&P 500 · KPMG

Timeline

  1. [BUSINESS] 2 sources
    Global pension funds reduce US equity holdings amid AI valuation concerns

    Large pension funds from Australia, Canada, and the UK are cutting US stock holdings, citing high valuations and excessive market concentration in AI-focused technology companies.

  2. [BUSINESS] 2 sources
    US pension funds projected to sell $33 billion in equities

    US pension funds are expected to sell about $33 billion in stocks by the end of September, a volume in the 98th percentile of historical data.

Sources

japantimes.co.jp · laopinion.com · pensionpolicyinternational.com