• Sat. May 18th, 2024

Buoyant Economy Triples Number of CIO Equity Bulls, Citywire Selector Finds

BySamantha Johnson

Apr 10, 2024
Buoyant Economy Triples Number of CIO Equity Bulls, Citywire Selector Finds

The latest edition of the Top 30 Super Allocators reveals that the number of private banks that are overweight equities has tripled compared to the end of last year. This increase is due to company earnings showing no signs of slowing down and major economies remaining in good health.

According to the report, 15 out of 27 chief investment officers were overweight equities as an asset class at the end of the first quarter this year. This is a significant increase from only five out of 27 who held this view at the end of the fourth quarter in 2023. A year ago, only two out of 29 were overweight equities.

The investment convictions of Europe’s biggest private banks were collated to determine these findings. This shift towards overweighting equities reflects a positive outlook on the market and a confidence in the performance of this asset class.

Overall, the increase in private banks being overweight equities is a clear indication of the optimism surrounding company earnings and global economies. This trend demonstrates a bullish sentiment among investors and a belief in the continued growth potential of equities in the current market environment.

By Samantha Johnson

As a content writer at newszkz.com, I delve into the realms of storytelling, blending words to paint vivid narratives that captivate and inform our readers. With a keen eye for detail and a passion for research, I craft compelling articles that resonate with our audience. My love for words drives me to explore diverse topics, ensuring that each piece I create not only educates but also entertains. Join me on this journey as we navigate the ever-evolving landscapes of news and knowledge together.

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