Investment strategy correspondent, London
Ingrid's Feed
Feb 28, 2013

Funds lift equity holdings in February, but cash up too

LONDON (Reuters) – Global investors raised their equity holdings to a 10-month high this month as a healing world economy saw portfolios rotate further out bonds, but cash levels also rose, for the first time since May.

In a monthly Reuters poll of 52 leading investment houses in the United States, Europe and Japan, funds on aggregate held 52.2 percent of their investments in equities, the highest since April and up from 52.1 last month. But this marginal rise slowed sharply from the biggest monthly jump in the survey’s history in January, of more than two percentage points.

Feb 1, 2013

Pariahs no more, banks still struggle to lure investors

LONDON (Reuters) – Once-shunned global banking stocks have surged nearly 40 percent in just eight months, but many investors remain wary of buying into a sector whose future size and shape is uncertain.

Asset managers’ allocations to the sector remain well below those seen before the financial crisis – and just half as much among euro zone funds – even if a January fund manager survey saw the first, slight overweight for global banks in six years.

Jan 31, 2013

Bullish global funds pile into stocks, high-yield credit: Reuters poll

LONDON (Reuters) – Global investors piled into stocks and high-yield credit in January and slashed their cash buffers to a two-year low, betting that central banks would keep markets awash with cash and that the worst of the euro crisis is over.

In a month that saw global stock markets gain nearly 5 percent, after ending 2012 more than 13 percent higher, investors took their stock holdings to a nine-month high and bonds to a five-month low, the January Reuters asset allocation poll showed.

Jan 31, 2013

Bullish global funds pile into stocks: Reuters Poll

LONDON (Reuters) – Global investors piled into stocks and high-yield credit in January and slashed their cash buffers to a two-year low, betting that central banks would keep markets awash with cash and that the worst of the euro crisis is over.

In a month that saw global stock markets gain nearly 5 percent, after ending 2012 more than 13 percent higher, investors took their stock holdings to a nine-month high and bonds to a five-month low, the January Reuters asset allocation poll showed.

Jan 16, 2013
via Global Investing

What’s next? A U.S. downgrade or Spanish bailout?

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What will happen first? A U.S. credit rating downgrade or the country’s unemployment falling below 7 percent?

Or Spain having no other option but to ask for a bailout?

Bank of America Merrill Lynch asked investors in its monthly fund manager survey what “surprises”  they saw coming up first this year.

Jan 14, 2013

Sooner or later: Central banks eye yuan for reserves

LONDON, Jan 14 (Reuters) – Central banks increasingly want
to hold yuan as trade with China grows, a move that would boost
the currency and turn it into a far greater cog of world
finance.

The question is by how much the currency will be bought and
over how long a time.

Jan 3, 2013
via Global Investing

Record year for global bond markets in 2012

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How good was 2012 for bond markets? Very good, by the look of the many records broken.

2012  was the strongest year for global high yield and investment grade debt on record, new issuance of corporate debt from emerging markets issuers was also the strongest since records began in 1980 and activity on global debt capital markets were overall up 10 percent from 2011, Thomson Reuters data shows.

Jan 3, 2013
via Global Investing

$1trillion of euro zone bonds to snap up in 2013

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Investors keen to wade deeper into the euro zone’s quieter waters  will have 765 billion euros,  or just over $1  trillion, worth of fresh government bonds offered to them this year, nearly 8 percent less than in 2012,  Deutsche Bank writes in a report.

With the debt crisis quieting down, euro zone assets are among the top 2013 picks for many leading investors, with the likes of Societe Generale and AXA Investment Managers advising to head for the periphery with Spanish and Italian sovereign debt.

Dec 20, 2012

Global funds end bullish 2012 with some caution – Reuters poll

LONDON (Reuters) – Global investors pared back equity holdings as 2012 wound down, preferring to bank gains from a surprisingly bullish year as they awaited a green light from U.S. budget negotiations.

With another roller coaster year underpinned by central bank money printing, signs of U.S. and Chinese recoveries and a significant breakthrough in the euro zone debt crisis meant world markets are finishing the year on a high.

Dec 20, 2012

Global funds buy bonds, trim stocks: Reuters poll

LONDON (Reuters) – Global investors are ending 2012 with lower stock holdings and more bonds than 12 months ago, staying wary about the U.S. “fiscal cliff” despite a rally in most markets this year, a Reuters poll showed on Thursday.

The stalled U.S. fiscal talks grew more heated on Wednesday and threatened to become even more so Thursday when the action is expected to shift for the first time to the floor of the U.S. House of Representatives.