Cash-strapped governments should resist telling pension funds how to invest

Stock markets continue to hit record highs, yet many governments聽remain聽strapped for cash鈥攁nd some are eyeing pension funds to cover fiscal shortfalls.

They should resist the temptation to mandate that pension funds invest more domestically,聽said聽Associate Professor of Finance 厂别产补蝉迟颈别苍听叠别迟别谤尘颈别谤聽in an interview with聽CNBC.聽

鈥淎t a time when pension funds have become really big, and聽the聽governments themselves are cash-constrained, it鈥檚 becoming increasingly tempting for governments to聽go:聽maybe I can redirect聽it聽for other policy goals,鈥澛燘etermier聽added.聽