Investors pour back into Japan, shun UK and US
This comes against a backdrop of fears over potential policy mistakes by the US or European central banks, according to the monthly Bank of America Merrill Lynch fund manager survey.
Fund managers globally have made a big switch back into Japanese stocks, but are the most underweight they have been for a long time on UK and US equities (see figure 1), according to the latest monthly survey* from Bank of America Merrill Lynch.
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¬ Haymarket Media Limited. All rights reserved.