Against the tide: Multi-managers underweight record-breaking US
Last week, the S&P 500 soared past the 2,000 mark for the first time, surprising those who had expected a reversal of some of the 30% gain seen in 2013.
Global equity managers have been loath to underweight the region in light of continued strong performance which has seen the S&P climb 8% year-to-date (as of 27 August). Almost two-thirds of active...
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