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U.S. most-favored equity region, tech allocations down: BAML survey
BAML said its poll showed allocation to the global tech sector collapsed to the lowest level since February 2009, with just a net 18 percent of investors now overweight the sector. "We remain bearish, as investor positioning does not yet signal 'The Big Low' in asset markets," Michael Hartnett, chief investment strategist at BAML, told clients. Britain was the most "disliked" region for equity investors, with a net 27 percent of respondents underweight, versus 19 percent underweight in October.
https://finance.yahoo.com/news/u-most-favored-equity-region-122818844.html?.tsrc=rss
BAML said its poll showed allocation to the global tech sector collapsed to the lowest level since February 2009, with just a net 18 percent of investors now overweight the sector. "We remain bearish, as investor positioning does not yet signal 'The Big Low' in asset markets," Michael Hartnett, chief investment strategist at BAML, told clients. Britain was the most "disliked" region for equity investors, with a net 27 percent of respondents underweight, versus 19 percent underweight in October.
https://finance.yahoo.com/news/u-most-favored-equity-region-122818844.html?.tsrc=rss
