Allocations to US equities rose “meaningfully” in the second quarter this year, primarily driven by ongoing outperformance of the country’s stockmarket, according to the latest flow data from Harrington Cooper.
While overall equity allocations remained largely flat in Q2, accounting for 58.4% of balanced portfolios, investment in the US equities market increased by 1.7% compared to the previous quarter. Harrington Cooper highlighted that the US stockmarket has benefitted from financial stimulus packages for households and businesses leading to a continued period of positive performance. The firm's proprietary asset allocation tracker shed light on asset allocation shifts by UK wholesale investors that took place during Q2 based on research covering 31 multi-manager funds following a balanced...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
