Well, the geniuses running the world’s top pension funds did it again.
Once again they managed to avoid investing in the things they should have been investing in, while investing in things they shouldn’t have been investing in — with the all-too-predictable result that the insight you really wanted to hear a year ago wasn’t a list of the experts’ biggest picks for 2021, but their biggest pans.
Luckily (note from author: It’s not really luck, just the weary cynicism of someone who has followed these people for…a…very…long…time…) you got that help here, at MarketWatch, a year ago — right when you needed it.
And we don’t even charge you 2% of your assets a year. What a deal!
According to the best-watched industry survey, a year ago the world’s top institutional money managers were avoiding seven “asset classes” or types of investments. They figured these offered the biggest risks, the worst returns, or both.