Bank of America: Survey Indicates US Stocks Likely to Outperform the Market
According to Golden Ten Data on July 15, a global fund manager survey by Bank of America found that fund managers' bullishness towards the US stock market has reached its highest level since December 2024. The survey shows that a net 24% of respondents believe US stocks will outperform other regions, which is the third-highest allocation weight to US stocks in the past five years. In contrast, investors have reduced their allocation to UK equities. Fund managers' confidence in London-listed equities has dropped to its lowest point since August 2020. Compared with other regions, the UK stock market has shown weak performance so far this year. Year to date, the UK's FTSE 100 Index in London has risen by 5.7%, while the S&P 500 Index has gained more than 10%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Insimbi swings to interim EPS of 4.52-5.06 cents from 2.69-cent loss per share
Sustainable product manufacturer Med-X (MXRX.US) files for direct listing on Nasdaq
Sustainable product manufacturer Med-X filed documents with the U.S. Securities and Exchange Commission (SEC) last Friday to register its shares and complete a direct listing on Nasdaq.
Reserve Bank of Australia raises interest rates to 4.6%: Four hikes this year, further increases not ruled out
The Reserve Bank of Australia raised interest rates by 25 basis points to 4.6%, reaching a 15-year high. The rate has increased by a total of 100 basis points this year to curb inflation caused by the Middle East conflict.
High-Yield Attraction: Japan's 40-Year Government Bond Auction Covered 3.1 Times, Strongest Demand Since 2020
Japan's 40-year government bond auction recorded its strongest demand in six years, as high yields attracted investors back to the country's longest-term debt instrument, providing potential relief for fragile global markets.
Crypto prices
More
