Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

S&P: Boost Stock Exposure

A combination of favorable trends for the U.S. economy, corporate profits, and the stock market has led Standard & Poor's

Investment Policy Committee -- a group of senior managers who meet weekly to oversee all investment-related activity done in S&P's name -- to change its asset-allocation recommendation for investors.

The committee voted on Dec. 4 to increase the recommended equity exposure by five percentage points, to 65%, and reduce the cash portion to 20%, from 25%. The recommended bond allocation remains at 15%.

The IPC's move follows a prior boost to recommended equity exposure in August. It lowered the recommended stock allocation in both April and June, 2002.

The IPC believes that the S&P 500 and Nasdaq will advance 8% from current levels by mid-year 2003 and approximately 15% by year-end 2003 on a continued recovery in the U.S. economy, a rebound in corporate earnings and favorable historical patterns for the markets.

One other trend working in stocks' favor: The yield on the S&P 500 is twice as high as an average money market fund. From Standard & Poor's Investment Policy Committee

blog comments powered by Disqus