PIMCO’s bond CIO says underweight dollar, sees value in UK gilts
By Harry Robertson LONDON (Reuters) – PIMCO is underweight the U.S. dollar and overweight UK government bonds in some funds, a senior fund manager said on Monday. “There’s no guarantee that we’re…
Citigroup cuts U.S. stocks to ‘underweight’, favours European equities in 2023
(Reuters) – Citigroup analysts turned “underweight” on U.S. equities on recession fears but were bullish on European stocks, saying much of the pessimism was already priced-in. The U.S. bank upgraded its view…
JPM goes ‘underweight’ on alternative investments after they lose 10% this year
(Reuters) – Analysts at J.P. Morgan turned negative on alternative investments as they expect lower returns for the asset group compared to traditional assets. The brokerage downgraded alternatives to “underweight” from “overweight”…
JPMorgan cuts EM local currency debt to ‘underweight’ as Russia-Ukraine woes bite
By Jorgelina do Rosario LONDON – JPMorgan analysts have slapped a sell, or ‘underweight’, recommendation on emerging market local currency sovereign debt due to the global fallout from the Russia-Ukraine crisis. Emerging…
BoFA investor survey: Biggest tech underweight position since Aug 2006
LONDON – Investors have ramped up their underweight tech position to its largest in more than 15 years as central bank tightening remained the top risk to global markets in 2022, according…
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