Managers' cash levels slump and equity allocation soars to pre-Covid levels in Q4
UK, European and Japanese stocks bounce back
UK and European equity allocation rose to 10.9% and 5.7% respectively
UK, European and Japanese stocks have come back into favour among fund-of-fund managers, according to Harrington Cooper's latest quarterly Asset Allocation Tracker, which found that equity levels have returned to pre-Covid levels for the first time since the beginning of the pandemic.
The report, which tracks the allocation moves of 31 multi-manager funds operating in the UK with a total AUM of £10bn, found equity allocation across balanced portfolios reached 58.3%, surpassing the previous...
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