The top-performing global growth funds in May all increased their exposure to North American equitie...
The top-performing global growth funds in May all increased their exposure to North American equities at the expense of their European holdings, according to Lipper. In total, 58% of the funds in the global growth sector increased their holdings of North American stocks, while 56% reduced their European exposure. Nick Hamilton, product manager of Lipper's Portfolio services said: 'Fund managers may have been encouraged by the current US Federal Reserve interest rate policy and the new administration's tax cuts, while concerns have increased about European growth and inflation. These con...
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