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Global funds hold equity allocations at over three-year high


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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 many countries, especially India and Brazil, which are still facing challenges from the pandemic. The Federal Reserve also acknowledged the virus as a risk to an economic recovery. ....

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