Global funds hold equity allocations at over three-year high
Message : Required fields BENGALURU (Reuters) - The current run-up in stocks has at least another three months to go, according to fund managers in Reuters polls who kept their recommended equity exposure at last month's more than three-year high and trimmed suggested bond holdings further. Global stocks have been on a tear, buoyed by fiscal stimulus - mainly from the United States - the expected vaccine-driven economic recovery and robust earnings, putting the MSCI world equity index on track for its best monthly performance since November. That was despite the ongoing health crisis in m...