Thursday 29 March 2018

Global funds cut stock exposure to four-month low amid trade war fears

Global funds cut stock exposure to four-month low amid trade war fears

LONDON (Reuters) - Spooked by brewing trade tensions and a broad reversal in technology shares, global investors have cut their equity exposure to a four-month low this month while reducing their holdings of U.S. stocks to the lowest in nearly two years.

U.S. funds recommend switching cash into bonds in March: Reuters poll

BENGALURU (Reuters) - U.S. fund managers switched recommended global portfolios slightly more in favor of bonds in March, in part on concerns trade barriers between the world's two biggest economies may escalate to a broader trade war, a Reuters poll found.

European funds buy bonds, see euro growth cycle peak: Reuters poll

LONDON (Reuters) - European investors have raised their bond allocations in March while keeping their equity exposure at six-month lows, in a month marked by a sharp tech sector selloff and brewing trade tensions that threatened to dent world economic growth.

UK remain cautious on equities, favour emerging markets: Reuters poll

LONDON (Reuters) - British investors rattled by global trade tensions are holding equity exposure near four-month lows, a Reuters poll showed on Thursday, though they see emerging market assets as benefiting from dollar weakness.

FANG stocks' bite has U.S. fund managers looking for alternatives

NEW YORK (Reuters) - Fund managers have begun to ditch so-called FANG stocks that powered the U.S. stock market to record highs in January and are slowly rotating into commodity-related shares and other value stocks which typically outperform in late-cycle recoveries.

Up your game if you want to negotiate for financial aid

CHICAGO (Reuters) - If you are thinking about negotiating your university-bound child's financial aid offers, you had better start working on your pitch.

Turnabout for U.S. stock fund demand over fair trade rift

NEW YORK (Reuters) - U.S. fund investors reversed course, skimming $17 billion off domestic stock funds during the most recent week, data from the Investment Company Institute (ICI) showed on Wednesday.

UBS begins global wealth management shift by merging teams

ZURICH (Reuters) - UBS has begun adopting a unified global wealth management structure by merging teams responsible for its private banking products.

Brexit and the City: Tracking the fortunes of London's financial districts

LONDON (Reuters) - Is London's position as the largest international center of finance slipping as a result of Brexit?

Chicago can pursue part of Wells Fargo predatory lending case

(Reuters) - A federal judge significantly narrowed but refused to dismiss a lawsuit accusing Wells Fargo & Co, the third-largest U.S. bank, of predatory mortgage lending targeting black and Hispanic borrowers in the Chicago area.

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