Fund Manager Allocations to Emerging Markets Hit 22-month High (Livemint)
The July Bank of America Merrill Lynch survey of global fund managers, done between 8 and 14 July, shows that Brexit did change asset allocations away from euro zone stocks to US and emerging market stocks. Fund managers were also asked the following question:
Over the next twelve months, which region would you most like to overweight/underweight?
The answer: Long emerging markets/short UK.
In addition, cash holdings have risen to 5.8%, the highest level since November 2001, plus a record proportion of investors have hedged against a sharp fall in the equity markets in the next three months.
To read the whole article, Fund manager allocations to emerging markets at 22-month high, go to the website of Livemint.
- British Investment Managers Increase Their Emerging Market Bets (Reuters)
- Obscure Stocks Make the Baron Emerging Markets Fund a Winner (Kiplinger)
- FPA Crescent (FPACX) Fund Makes Some Interesting Emerging Market Stock Bets (Kiplinger)
- Terry Smith: Emerging Markets to Outperform Over the Long-term But Brace for Volatility (FE Trustnet)
- HSBC Emerging Markets Index Falls From 51.7 to 51.2 But Manufacturing Was Up
- Survey: Fund Managers Now Overweight on Emerging Market Equities (Live Mint)
- Fund Managers’ Opinions on the UAE and Qatar’s Emerging Markets Upgrade (The National)
- Investors Rethink Emerging Market ETFs (FT)
- Hawksmoor Investment Management Manager Cutting Emerging Market Exposure (FE Trustnet)
- History Says Investors Get Gored by MSCI Upgrades (Reuters)