‘Dramatic Shift’ to U.S. Stocks Amid China Concern as Fund Managers Ditch Emerging Markets

Fund managers made a record jump into U.S. equities in September and out of emerging markets as the risks to the global economy heighten, according to Bank of America ‘s monthly survey Tuesday.

The allocation to U.S. equities gained 29 percentage points in September while the allocation to emerging markets dropped 25 percentage points, the survey showed. Meanwhile, the tech-heavy Nasdaq Composite has jumped 33% as investors have taken bets on the future of artificial intelligence. Hartnett added in his research that the most crowded trades in September have been long big tech and short China Equities.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fund managers just made their biggest shift ever into U.S. stocks — and out of emerging marketsGlobal fund managers have just made their biggest shift ever into U.S. stocks and out of emerging market equities, according to Bank of America's monthly...
Source: MarketWatch - 🏆 3. / 97 Read more »

Hong Kong stocks decline for fourth day as Japanese stocks dropStocks in the Asia-Pacific region mostly climbed Monday, Sept. 11, with shares in Japan decreasing for the third session and the Hong Kong market down for...
Source: MarketWatch - 🏆 3. / 97 Read more »

Hong Kong stocks decline for fifth session as Japanese stocks gainStocks in the Asia-Pacific region were mixed Tuesday, Sept. 12, with shares in Hong Kong declining for the fifth day. The Hang Seng Index of Hong Kong...
Source: MarketWatch - 🏆 3. / 97 Read more »