Markets Drop-In: From bonds to equities – The great pensions switch and its risks

US household exposure to equities is at levels not seen in at least 75 years. This extraordinary shift has been driven in part by a pensions industry which has seen a structural loss of appetite for bonds and corresponding rise in demand for equities. What risks does this all pose for market stability?

Chief Markets Economist John Higgins and Head of APAC Markets Thomas Mathews explored these forces and highlighted the key risks around this shift in a special online briefing.