Global investors were more upbeat on equities this month than at any time since early 2011, confident that liquidity will remain ample even though the Federal Reserve has started a debate on when to scale back stimulus, Reuters polls showed.
Monthly asset allocation polls of 56 investors across the United States, Europe and Japan, released on Thursday, also showed investors sticking with Japanese stocks in May despite recent volatility, with allocation to Japan at its highest in nearly a year.
Funds on aggregate lifted their equity holdings to 50.9 percent of their portfolios this month, the highest since February and up from 49.6 in April.
The measure of their overweight/underweight positions in equities rose to 1.1 from 0.8 last month for the highest reading since January 2011.
via Reuters
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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