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MILWAUKEE, May 26, 2021 /PRNewswire/ In just over a year, so many habits and behaviors have been transformed by the Covid-19 pandemic, and they extend well beyond social distancing, facemasks and working from home. Northwestern Mutual research finds a third (32%) of Americans say their financial discipline has improved during the pandemic, and 95% say they expect their newfound habits will stick after the health crisis subsides.
These are the first set of findings from the 2021 Planning & Progress Study, an annual research project commissioned by Northwestern Mutual that explores Americans attitudes and behaviors toward money, financial decision-making and broader issues impacting people s long-term financial security.
NEW YORK: As United States stocks are hit with a bout of volatility, some investors are looking to European equities, attracted by lower valuations and the region’s nascent emergence from the Covid-19 pandemic.
European equity funds have notched their longest streak of net inflows in more than three years, according to data from EPFR, while fund managers globally surveyed by BofA Global Research said they were more overweight on European stocks than at any time since March 2018. Morgan Stanley’s strategists, meanwhile, have named holding European stocks as one of their top trades.
The focus on Europe comes as the region’s benchmarks have kept pace with their US counterparts after years of underperformance. The STOXX 600 is up 10.7% year-to-date, broadly matching the S&P 500. The S&P 500 was off 1.7% from its record high as of Thursday, while the European index has slipped 0.8% from its peak.
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