NewsFeeder
Headline News
- Reaction score
- 3
Wall Street Week Ahead: Fund rebalancing could help buoy stock rebound
Money managers rebalancing their portfolios to boost equity exposure into the end of the quarter may support the nascent stock rally that has followed the steep coronavirus-fueled market drop. With the S&P 500 having lost around a third of its value in the recent selloff, investors may need to step up their equity purchases and sell bonds in order to maintain allocation targets. Funds can raise stock allocations in several ways, including selling bonds to buy stocks, using the cash in their portfolios or putting fresh money toward equities, said Leo Acheson, director of multi-asset ratings at Morningstar.
https://ca.finance.yahoo.com/news/wall-street-week-ahead-fund-110819576.html?.tsrc=rss
Money managers rebalancing their portfolios to boost equity exposure into the end of the quarter may support the nascent stock rally that has followed the steep coronavirus-fueled market drop. With the S&P 500 having lost around a third of its value in the recent selloff, investors may need to step up their equity purchases and sell bonds in order to maintain allocation targets. Funds can raise stock allocations in several ways, including selling bonds to buy stocks, using the cash in their portfolios or putting fresh money toward equities, said Leo Acheson, director of multi-asset ratings at Morningstar.
https://ca.finance.yahoo.com/news/wall-street-week-ahead-fund-110819576.html?.tsrc=rss
