No managers underweight equities, finds HSBC
In a survey of global fund houses in the second quarter, none are underweight equities, with Greater China, emerging markets and Asia-Pacific ex-Japan the most heavily favoured.
A revival in risk appetite continues apace, with no fund managers underweight equities in the second quarter of this year, finds a global HSBC survey.
Within that asset class, moreover, no managers are underweight Japan, Asia-Pacific ex-Japan, emerging markets, BRIC, Greater China and India.
The most bullish equity readings are for Greater China (60% overweight), EM and North America (both 57%) and Asia-Pacific ex-Japan (50%).
But while the equity overweights for western marke…
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