Cherry Reynard takes an in-depth look at which sectors investors were favouring last month
The markets were ‘risk on’ in November, with economically sensitive areas such as continental Europe and Asia the top performers. While every sector was in positive territory for the month, conventional gilts and money market funds were at the bottom of the heap. This was reflected in fund flows, which saw investors begin to take increasing risk with their portfolios. Globally, EPFR reported that investors put more into US stock funds in the last week of November than they had in the past 12 months. Equity funds took $14.86bn, the second largest total since 2008 and dramatically rever...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes