Managers still back US equity bets

Despite an almost six-year rally in US equities, the asset class does not pose outsized risks to investors, said Wayne Bowers, London-based CEO and CIO for international asset management at Northern Trust. “Fears of a massive bubble are overblown,” he told a recent AsianInvestor conference in Singapore. Several factors are keeping risks in check, including stable amounts of leverage in developed markets, particularly among financial institutions; the rapidly increased capital ru…