Bringing you live news and features since 2006 

Dollars

Funded status of US pensions rebounds to 71.6 per cent, says BNY Mellon

RELATED TOPICS​

The funded status of the typical US corporate pension plan rebounded 1.8 percentage points to 71.6 per cent in June after steep slides in April and May, according to the BNY Mellon Pension Summary Report for June 2012.

BNY Mellon credited the June improvement to strong equity markets in the US, which rose 3.9 per cent, and in developed international markets, which increased 7.0 per cent. 

These strong performances resulted in a 2.7 per cent gain in assets at the typical US corporate pension plan, according to the report.

Liabilities for the typical corporate plan rose 0.1 per cent in June, as the Aa corporate discount rate remained unchanged at 3.98 per cent, BNY Mellon says.
 

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by