Funds recommended cutting equity exposure in May to lowest level this year
By Tushar Goenka
BENGALURU (Reuters) - Funds recommended the lowest equity exposure this year in May, citing risks from the expected pull-and-push between reflation trades and dovish central banks, but most respondents in Reuters polls said a near-term correction in stock markets was unlikely.
While global shares have see-sawed in May, with technology-related stocks taking a hit, the MSCI world equity index breached an all-time high and European bourses were near record highs, helped by policymakers allaying inflation concerns.
Still, Reuters polls of 35 fund managers and chief investment officers in the United States, Europe and Japan, taken May 10-27, showed the lowest recommended equity allocations since December - averaging 48.7% of the model global portfolio, down from over a three year high of 49.8% last month.
"We have entered ...
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BENGALURU (Reuters) - Funds recommended the lowest equity exposure this year in May, citing risks from the expected pull-and-push between reflation trades and dovish central banks, but most respondents in Reuters polls said a near-term correction in stock markets was unlikely.
While global shares have see-sawed in May, with technology-related stocks taking a hit, the MSCI world equity index breached an all-time high and European bourses were near record highs, helped by policymakers allaying inflation concerns.
Still, Reuters polls of 35 fund managers and chief investment officers in the United States, Europe and Japan, taken May 10-27, showed the lowest recommended equity allocations since December - averaging 48.7% of the model global portfolio, down from over a three year high of 49.8% last month.
"We have entered ...
Read More on Datafloq
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