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Investors reduced “Akbar” on American stocks in March, as the irregular trade war of President Donald Trump sparked fears of the American economy and paid the heavy sale of Wall Street.
Critics US shares 40 percentage points, from 17 percent of the extra weight in February, fell to a net weight loss in 23 percent in March, according to the Bank of America, closely to the fund managers. During the same period, the allocations for the shares of the euro area jumped to the highest level since July 2021.
According to Bofa, fears of recession, global trade war and the end of the American exceptional pushed “bull’s disruption” in feelings.
“It is not surprising that we see fund managers away from the American market,” said Trevor Gresham, head of the multi -asset department at Royal London Asset Management. “It is priced on perfection and policy that comes out of the White House is not.”
According to the survey, approximately 70 percent of investors now says that the issue of “American exceptional”, which prompted S&P and NASDAQ indices to score its highest levels in the weeks that followed Trump’s victory in November elections.
This sudden shift comes as American stocks have declined since they set a record in February. The survey also showed that the global growth forecast for investors collapsed in March through the second largest margin ever.
In addition to American stocks on a large scale, investors were negative on technology and energy shares, while they were more optimistic towards facilities and banking stocks.
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