fund managers recommended loading up on more American shares

World investors see rates staying low and put faith in stocks

LONDON (Reuters) Global investors put more money into stocks in June favoring the United States and Britain where economic recovery is gathering pace over other developed markets, a Reuters poll showed on Monday.

Traders work on the floor of the New York Stock Exchange canada goose clearance sale June 24, 2014. REUTERS/Brendan McDermid

The monthly poll of 51 fund managers and chief investment officers in the United uk canada goose States, Britain canada goose outlet, Europe cheap canada goose uk and Japan showed the average recommended exposure to equities in global balanced portfolios rose to 51 percent from 50.8 percent.

This small canada goose black friday sale increase came at the expense of Canada Goose Outlet allocations to bonds, which were Canada Goose Parka down to 35.6 Canada Goose Coats On Sale percent from 35.9 percent a canada goose month earlier.

Allocations to cash and alternative investments such as hedge funds remained unchanged at 5.7 percent and 5.6 percent respectively. Property investments were also slightly canada goose uk outlet higher at 2.1 percent, advancing further after having reached buy canada goose jacket cheap their highest levels since June canadian goose jacket 2011 last month as investors sought out the yields offered Canada Goose sale by commercial real estate.

Within global equities portfolios, the average Canada Goose online allocation to North American cheap Canada Goose stocks rose to 42.1 percent buy canada goose jacket from 41.5 percent while investors also hiked exposure to British stocks to 11.9 percent from 11.5 percent.

This came partly at the expense of equities in the euro zone, where economic recovery is seen as further off than in Britain and the United States.

Extra stimulus from the European Central Bank, which cut its deposit rate to negative earlier this month, and hints from Federal Reserve Chair Janet Yellen that rates are likely to stay low, are fuelling demand for riskier assets such as equities.

But while portfolios are increasingly uk canada goose outlet shaped to canada goose uk shop catch an expected uplift from economic recovery and rising corporate profits, a significant number of investors taking part canada goose clearance in the poll said they worry about the chance markets might correct.

am becoming uneasy about the increasing correlation Canada Goose Jackets between what are now fully valued asset classes and also by the gradual fall in volatility in equity, bond, commodity and FX markets to dangerously complacent levels, said Rob Pemberton, Investment Director at British wealth manager HFM Columbus.

with mixed economic data, the foundation for moderate growth is in place, but its sustainability (in the absence of) easy monetary policy is uncertain jacketstock, UBS strategist Boris Willems said. improvement in confidence is needed for self sustaining growth. fund managers recommended loading up on more American shares and bonds even as prices hit record Canada Goose Online highs in June, although they also increased cash allocations in their model global portfolio.

European fund managers made their highest allocation to equities this month since March 2011, cutting cash positions in a risk seeking environment. Fund managers in Europe put 48.3 percent of their global assets in equities in June, well above the long term average of 46 percent, and compared with 48.1 percent in May.

British investment managers also raised their exposure to stocks by more than a percentage canada goose factory sale point in June, to 55.2 percent from 53.8 percent, canada goose store and showed a canada goose uk black friday bias towards their home market, where economic fundamentals look canada goose coats on sale comparatively rosy.

Japanese investors, in contrast, eased back on their equity exposure in balanced portfolios, to 44.2 percent from 44.8 percent in May, although they increased their euro zone bond holdings.

Additional reporting by Carolyn Cohn in London, Rahul Karunakar in Bangalore, David Randall in New York, Shinichi Saoshiro in Tokyo; canada goose coats Editing by Catherine Evans.

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