Continental schemes raise equities allocation

Two large pension schemes in France and Switzerland have substantially increased their equity allocations, joining a trend towards stock market investment among continental European schemes which have traditionally favoured bonds.

A €6.2bn ($9.8bn) French fund run by the power company Electricité de France, which includes assets earmarked for pensions and other retirement benefits, has upped its stock market allocation in the pensions section from 2% to 24%.

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