Fund managers more optimistic about US
Since end October, asset management companies suddenly see much more perspective in US equities.
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Since end October, asset management companies suddenly see much more perspective in US equities.
In October, fund selectors hastily reduced their allocations to European and emerging market equities and fled into ‘safe’ US equities.
Fund selectors and fund buyers strongly disagree where on the planet the investment climate is most benign
Business and consumer sentiment in the Eurozone is improving and is at its highest in four months according to Moodys Analytics.
European fund selectors have adopted an increasing bias towards large cap stocks. The tendency is strongest for European equities.
The short-lived market crash in October has prompted a complete fund manager sentiment overhaul. Asset manager expectations of European and EM equities have plummeted, while faith in the US stock market has soared.
The short-lived market crash in October has prompted a complete fund manager sentiment overhaul. Asset manager expectations of European and EM equities have plummeted, while faith in the US stock market has soared.
Net outflows from European equity funds broke a new record in September, according to Morningstar’s latest fund flows.
Investor confidence in Europe has made a sharp fall in October, according to data released by State Street Global Exchange.
European equity mutual funds registered unprecedented outflows last week. According to Bank of America Merrill Lynch, funds invested in European stocks shed $5.7bn.
EIE’s latest Pan-European research data reveal that the asset class European fund selectors’ views are most split on is European equities.
Net outflows from European equity funds accelerated in August, while developed bonds are showing an upsurge.