英国养老基金抛售美国股票

Group 1 - UK pension funds are reducing their exposure to US stocks due to concerns over a potential bubble in the AI sector [1] - Several pension schemes managing over £200 billion in assets are shifting investments away from the US market or enhancing protective measures against potential declines in US equities [1] - Defined contribution pension plans in the UK are particularly vulnerable to stock market volatility, with younger savers typically allocating 70% to 80% of their assets to global equities, predominantly led by large-cap US tech stocks [1] Group 2 - The Nasdaq Composite Index has risen over 20% this year, driven by major tech companies like Nvidia and Alphabet, with a more than 100% increase since the beginning of 2023 [2] - The European Central Bank has warned that high valuations of US tech stocks, influenced by a "fear of missing out" sentiment, pose significant risks to investment portfolios if market optimism wanes [2] - Notable short-seller Michael Burry has reiterated his bearish stance on Nvidia, raising concerns about issues such as "circular investments" among US AI companies and the sustainability of Nvidia's AI infrastructure spending [2]