Global fund manager allocations to defensive sectors have reached an eight-year high, according to Barclays. The bank found that fund managers now allocate more money to defensive sectors than those that rely on the health of the economy. It represents the first time that global fund managers have positioned their portfolio in this way since early 2009, and comes as markets in the UK, US and Europe trade near all-time highs.
August 17, 2017
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