Allocations to equities in balanced multi-manager funds fell to an all-time low in Q1 2020, as investors upped their cash weightings and increased gold exposure, according to research from Harrington Cooper.
UK wholesale investors cut their allocations to equities by almost 6% to just under half of portfolios (49.99%) in a quarter that finished off a long bull run in stockmarkets, Harrington Cooper's latest asset allocation tracker showed. The allocation is the lowest level seen since the tracker was developed in January 2014. Managers dismiss sell-side concerns as US equities near tech bubble highs All equity regions except the US, meanwhile, saw falls in allocation, with UK equities down 2.1% to 14.7%, and global and European stocks down by 2.3% and 1.4% respectively. The outperforma...
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