Australia's Biggest Pension Fund To Cut Global Stocks Allocation on AI Concerns

Australia's largest pension fund is planning to reduce its allocation to global equities this year, amid signs that the AI boom in the US stock market could be running out of steam. Financial Times: John Normand, head of investment strategy at the A$400bn (US$264bn) AustralianSuper, told the Financial Times that not only did valuations of big US tech companies look high relative to history, but the leverage being used to fund AI investment was increasing "very rapidly," as was the pa...