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Global funds hold even more bonds in a world fraught with risk
Global funds recommended cutting equity allocations to the lowest since early 2010 and increasing bond holdings to their highest since then, according to a September Reuters poll which found a correction in world stocks before year-end was likely.“The market remains at risk of a deeper correction, both because of the several macro and geopolitical risks - COVID-19, U.S. election, U.S.-China frictions - and the fragile structure of the market itself,” noted the investment team at Generali Investments Partners. Over 70% of 21 funds who provided a view said a correction in world stock markets by end-year was likely. ... (full story)