Switch investment focus to the strong and sustainable

Many of the worries plaguing capital markets are symptoms of a wider problem

The market upheavals of 2008 and 2009, related to the near failure of the banking industry, subsided during 2010 only to be replaced by concerns about the ability or willingness of some countries to pay back their debts.

These are not problems only for banks and for governments. They present challenges for pension-fund investors too.

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