Emerging-Market Tremors Rattle Tennessee’s Public Pensions

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U.S. pensioners are increasingly exposed to volatility in emerging markets as state retirement systems have gravitated toward riskier assets

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Alerta roja!

The REAL threat is the defined benefit retirement plans! Mathematically impossible to underwrite!

Emerging markets offer higher interest rates compared to near zero rates

The problem with passive investments in EM markets where benchmarks are inefficient and investments need to be extra selective.

Just the people Trump pretends to care for. Trade wars will destroy their retirements.

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