The funding status of U.S. corporate pensions lost a bit of ground in March, slipping 0.4 percentage points to 87.2 percent, thanks to a drop in equities.
Public plans, endowments and foundations saw a similar downward trend, according to the BNY Mellon Investment Strategy and Solutions Group.
The BNY Mellon Institutional Scorecard indicated that most asset classes decreased in value during the month.
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