69431
Global Funds Raise Eurozone Assets
Global Funds Raise Eurozone Assets

Global Funds Raise Eurozone Assets

Global Funds Raise Eurozone Assets

Global investors have raised their holdings of eurozone equities and bonds to the highest levels in more than two years, a Reuters poll showed, reflecting a conviction that the European Central Bank will not rush to raise interest rates. Investors have sought signals as to when the ECB will start reducing its asset-purchase scheme, but the bank left its ultra-easy monetary policy unchanged at its July meeting and did not even discuss winding down stimulus. That probably gave fresh impetus to investor bullishness on Europe. Reuters’ monthly asset allocation survey of 49 fund managers and chief investment officers in Europe, the United States, Britain and Japan, showed assets from the single currency bloc continued to be favored. The poll, conducted between July 17-26, showed funds boosting eurozone equity allocations to an average 20.1%, the highest level since April 2015 and up 3.4 percentage points since the start of the year. They also raised eurozone bond holdings by two percentage points to 29.2%, the highest since March 2015.

 

Short URL : https://goo.gl/2vinFm
  1. https://goo.gl/te7yBC
  • https://goo.gl/yeXjWM
  • https://goo.gl/2a81JG
  • https://goo.gl/MUpNzM
  • https://goo.gl/j2QDwL

You can also read ...

US Economy Back on Top of World Competitiveness Ranking
Marking its 30th edition this year, the IMD World...
Some 96% believe that bribery and corruption was an important issue to tackle.
Almost one out of two large global companies experienced some...
China Debt Crackdown Leaves Institutions Short of Cash
China is cutting off funds to financial companies and banks...
Deutsche Bank Will Cut 7,000 Jobs
Deutsche Bank said on Thursday it will reduce global staff...
Taiwan Growth Forecast Upgraded to 2.6%
The directorate general of budget, accounting and statistics...
Turkey Raises Rates Sharply to Prop Up Lira
Turkish President Recep Tayyip Erdogan is facing a potentially...
Two Oman Banks Discuss Merger
Oman Arab Bank has initiated merger talks with fellow Muscat-...
MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat.
Market sentiment was a little shaky on Friday with Asian...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus