Category: Allocation
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Investors’ allocation to US stocks hits record high amid ‘super-bullish sentiment’: BofA survey
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Investors are growing increasingly optimistic as the stock market continues to rise through the end of 2024. In Bank of America’s December global fund managers survey, 36% of respondents said they overweight US stocks, the highest level seen in the survey’s history. This major shift in US stocks came alongside…
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UBS says gold is its “Most Preferred” in its global asset allocation
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UBS analysts reiterated their bullish outlook for gold, citing its value as a hedge against macroeconomic and geopolitical uncertainty: Maintains a price target of $2,700 per ounce by mid-2025 Briefly from the UBS report: Gold is expected to rise 23% in 2024, reaching an all-time high, due to lower US…