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The report added: “Catalysts for the scramble from the US are valuation, as 83% of investors say US stocks are overvalued, the highest on record, and a jump in the risk of delayed US tax reform.”
Materials, REITS and energy sectors fell out of favour in April, with investors reducing their exposure since March in favour of emerging markets, where allocation hit five-year highs, as well as utilities and bonds, the FMS revealed.
Private equity snaps up UK companies as valuations remain low
Key events for UK wealth managers for the week starting 13 May
AQR Apex Ucits fund will invest in a range of lowly correlated sub-strategies
The UK’s debt burden is high and it is not master of its own destiny, writes Cherry Reynard
Two out of nine MPC members voted to cut
Fraser Thorne believes London must ‘learn to blow its own trumpet’ to be competitive
