MILAN (Reuters) – European shares noticed their second largest allocation in 1 / 4 of a century in January, as lagging danger property performed catch up, based on a survey of traders from BofA International Analysis printed on Tuesday.
In a report titled “Make Europe Nice Once more”, BofA stated asset allocation remained risk-on, with traders bullish in direction of the U.S. greenback and shares, however bearish in direction of all the things else.
Buyers had been probably the most underweight on bonds since October 2022, whereas money ranges ran low at 3.9%, stated the survey of 182 individuals with $513 billion of asset underneath administration.
A disorderly rise in bond yields was seen as probably the most bearish growth for 2025, BofA stated.
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