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BNP Sketch Out Month-/Quarter-End Rebalancing Estimates For U.S. Equities & Bonds

CROSS ASSET

Last week saw BNP Paribas estimate that “there could be $70-95bn of U.S. equities to be sold in pension rebalancing flows into month- and quarter-end, assuming $1.5-2trn of assets following a mix of monthly or quarterly rebalances. However, it is worth noting that the largest instances of month- or quarter-end moves tend to come on the upside at the end of periods of equity underperformance.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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