S&P: Boost Stock Holdings
Amid a backdrop of expected strong growth in real gross domestic product, a pickup in merger activity, and stronger-than-expected third quarter operating results from U.S. companies, Standard & Poor's Investment Policy Committee (IPC) voted on Oct. 29 to make a change to its recommended investment allocation. The IPC, a group of senior managers who meet weekly to oversee all investment-related activity done in S&P's name, increased recommended equity exposure to 65% from 60%, and reduced suggested bond holdings to 10% from 15%. Cash was maintained at 25%.
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