Allocations to US equities rose “meaningfully” in the second quarter this year, primarily driven by ongoing outperformance of the country’s stockmarket, according to the latest flow data from Harrington Cooper.
While overall equity allocations remained largely flat in Q2, accounting for 58.4% of balanced portfolios, investment in the US equities market increased by 1.7% compared to the previous quarter. Harrington Cooper highlighted that the US stockmarket has benefitted from financial stimulus packages for households and businesses leading to a continued period of positive performance. The firm's proprietary asset allocation tracker shed light on asset allocation shifts by UK wholesale investors that took place during Q2 based on research covering 31 multi-manager funds following a balanced...
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