Global funds changed course in February and recommended a cut to equity allocations in their model balanced portfolio after taking them to a two-year high in January, instead suggesting an increase in bond holdings, Reuters polls showed.
The monthly poll of 38 wealth managers and CIOs in Europe, the United States, Britain and Japan, taken Feb. 11-27, showed equity exposure fell on average to 49.1per cent in a global balanced portfolio, from 49.7per cent in January, which was a two-year high."Clearly, any further escalation and a rise in the fatality rates will create further worries for the global authorities and the markets," said Peter Lowman, chief investment officer at Investment Quorum in London.U.S.
That suggests fund managers are not confident about a significant lift-off in stocks over the coming months despite widespread expectations of monetary policy easing.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Football: Fifa to launch global review of match calendarMANCHESTER, ENGLAND (REUTERS) - Fifa is to launch a major 'once and for all' review of the international match calendar, which governs the dates of major competitions and tournaments, world soccer's governing body said on Wednesday (Feb 26).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
CSE Global Q4 earnings up 60.1% to S$8.1mRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Covid-19 spreads faster outside China, stoking global fearsSHANGHAI/SEOUL — The number of new coronavirus infections inside China — the source of the outbreak — was for the first time overtaken by fresh cases elsewhere on Wednesday (Feb 26), with Italy and Iran emerging as new epicenters of the rapidly spreading illness.
Source: TODAYonline - 🏆 1. / 99 Read more »
Asean moving up the startup menu for global investorsBTExclusive: Asean moving up the startup menu for global investors
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asia shares join US rout as global markets head for worst week since 2008 financial crisisTOKYO (REUTERS, BLOOMBERG) - Global share prices headed for the worst week since the darkest days of the world financial crisis in 2008 as investors braced for the coronavirus to become a pandemic and rapidly spread around the world.. Read more at straitstimes.com. I think fear will recede next week after people come back to their senses. Rebound should happen next week. Very cheap now.
Source: The Straits Times - 🏆 8. / 63 Read more »
Spreading across continents, a lethal virus tests a fraying global orderLONDON — In Iran, a spike in coronavirus infections has prompted fears of a contagion throughout the Middle East. In Italy, one of Europe’s largest economies, officials are struggling frantically to prevent the epidemic from paralysing the commercial centre of Milan. And in New York, London and Tokyo, financial markets plummeted on fears that the virus will cripple the global economy.
Source: TODAYonline - 🏆 1. / 99 Read more »