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Fund Managers Get Bullish
By Advisor Perspectives
Summary: Global equities have risen 18% so far in 2017 and yet, until this month, fund managers have held significant amounts of cash and been, at best, only modestly bullish on equities. All of this has suggested lingering risk aversion.
That has now changed. Cash levels have fallen to the lowest level in 4 years. Allocations to global equities have risen to the highest level in 2-1/2 years. In most respects, investors are now bullish.
In the past 6 months, US equities have outperformed Europe by 10% and the rest the world by 3%. Despite this, fund managers remain underweight. US equities should outperform their global peers.
Read more at Advisor Perspectives.
Photo: Iohit V