From: "Gary Britt" 

We aren't discussing pension plan investing so whether I was right or wrong
or if you just misinterpret the meaning of what you quote back below is
irrelevant.

Gary

"Bill Lucy"  wrote in message
news:MPG.1e0b6e6c6a051d4f98977c{at}news.barkto.com...
> In article , email{at}from_Gary_Britt.org says...
> > Besides the content of my other reply, its also because these are
dividend
> > paying stocks by and large.  Retirement systems also put a lot of money
into
> > utility stocks as well.  They don't do either because they think oil
> > companies or utilities are way more profitable than the average
corporation.
>
> You display a complete lack of understanding regarding pension plan
> investment, Gary.
>
> Here are the largest equity holdings of CalPERS, the largest pension
> fund in the US:
>
> 1. General Electric
> 2. Microsoft
> 3. Exxon Mobil
> 4. Citigroup
> 5. Intel
> 6. American International Group
> 7. Bank America
> 8. Cisco
> 9. Johnson & Johnson
> 10. International Business Machines
>
> I count 4 technology companies, 3 financial services companies, 2
> manufacturers, and an oil company. Utility companies don't show up in
> the top 25 holdings. Oil companies are littered throughout the top 50
> (BP is not in the top 200, BTW).
>
> CalPERS equity investments are well in line with other institutional
> investors.
>

--- BBBS/NT v4.01 Flag-5