Global investors have moved overweight on the US for the first time in 15 months, while reducing positions in emerging market and European equities, according to the latest monthly Bank of America Merrill Lynch (BofAML) survey.
The survey, which questioned 235 investors globally with $684bn in assets under management, saw a rise in respondents' US equities weightings. Allocations to US equities rose 16 percentage points to...
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