"The average period for which pension fund investors expect to hold their investments is 4.7 years. This is much closer to the widely championed five-year period than private investors, for whom the average expectation is 3.2 years. This longer time horizon means considerations such as liquidity and immediate income -- which are often high priorities for consumers -- are relatively lowly valued by pension fund investors as reasons to choose an investment.... There is an increasing focus on investment outcomes over and above benchmarked returns."  MORE >>