Corporate pension funds steer away from equities

http://www.reuters.com/article/2012/03/30/us-pensions-investing-idUSBRE82T17920120330

For the first time in over a decade, more of the $1.246 trillion represented by the 100 largest U.S. corporate pension funds is in bonds instead of equities, according to a pension consulting firm.

After pouring billions of dollars last year into underfunded pensions, U.S. corporations are protecting their investments by moving out of equities and into bonds.