This month’s Reuters global asset allocation survey shows that investors have cut back on buying equities after an almost non-stop rally since March.
According to a survey of 49 leading investors in the United States, Britain, continental Europe and Japan, investors now hold an average of 54.9 percent of their portfolios in equities.
This is the lowest level since February and below the long-term average of 59.3 percent.


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- Posted by FT.com | Money Supply | Morning round-up