Fund managers are cutting US equities exposure in favour of European equities despite the region's upcoming elections, the latest Bank of America Merrill Lynch Fund Manager survey has revealed.
The survey, carried out between 6 and 12 April, found the number of fund managers overweight eurozone equities had reached a 15-month high, with 48% of respondents overweight the region. Within Europe,...
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Investment sector reaction
Multi-asset managers have started reinvesting their high cash positions, with many topping up European exposure as Greece finally reaches a new deal with its creditors.
The bond market faces "strong headwinds" for some time as summer volatility returns and markets anticipate interest rate hikes, according to Invesco Perpetual's fixed income team.
Winners of the Fund Manager of the Year Awards 2015
Three guidelines to follow
Stopped suitability of advice work
'Final piece in the puzzle'
Meets increasing demand