thewealthnet     About Us    |    FAQs    |    Contact Us
  Advanced Search       RSS Feed  twitter  linkedin 
Welcome to thewealthnet    |   Europe, Middle East & Africa Get The App   |   Login
  Wed 23rd Jan 2019  |    Make this my homepage  
Subscribe now!
Credit Cards Accepted
World Map
Allocation to US equities has increased - BoA Merrill Lynch fund manager survey
13/06/2018 , News Team

The BofA Merrill Lynch June fund manager survey has found that allocation to US equities has climbed 16 percentage points to net one percent overweight, for the first time investors in 15 months with 64 percent of respondents saying that the US has the most favourable outlook for profits, a 17-year high.

June rotation shows investors are selling cyclical plays (banks, emerging markets and Eurozone equities) in favour of defensive sectors and US equities.

When asked what catalyst is most likely to stop Fed tightening, 69 percent of investors surveyed state domestic reasons (lower inflation, higher unemployment, Fed independence) and 23 percent cited emerging market contagion or a debt crisis in the peripheral EU.

Also a record 42 percent of investors surveyed say companies are over levered, far exceeding the 32 percent peak in 2008.

Additonally, the survey found that just net one percent of investors indicate they think the global economy will strengthen over the next 12 months, barely above the boom/bust threshold and still at their lowest level since February 2016. 



Share with Linkedin Share with Twitter
Poor   Average   Good   Excellent
thewealthnet archives contain 50,925 articles dating back to 1997,making it the largest single source of information on the wealth management industry world-wide. To search for more articles, please click here.


© This article originally featured on thewealthnet. It is protected by international copyright law. If you copy this article illegally, you will be liable to prosecution. All rights in and relating to this article are expressly reserved. No part of this article may be reproduced, stored in a retrieval system or transmitted in any form or by any means without written permission from the publishers.

    Latest Headlines:    by Topic | All News
  Advertise   |   Contribute   |   Press Release   |   Terms of Use   |   Privacy   |   Contact Us Copyright Pam Insight Ltd., All Rights Reserved