US corporate pensions funding gets a boost in July

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US - The funding status of US corporate pension funds improved nearly three percentage points in July on the back of strong global equity performance, BNY Mellon Asset Management says.

The funding status of the plans was 76.9% at the end of the month. In July, US stocks rose 6.9%, while international stocks were up 9.5%. This translated to a boost in total assets of 4.8%, BNY say...

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