Allocations to European equities hit 15-month high despite election risk

BofA Merrill Lynch survey

Tom Eckett
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Allocations to European equities hit 15-month high despite election risk

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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