Retail Investors Rushed Back to Risk as Stocks Hit Record Highs
- TD Ameritrade client risk exposure rises to highest in a year
- Allocation to riskiest assets still low by historical standard
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As stocks rallied to record highs last month, retail investors embraced the run.
Clients of TD Ameritrade increased their holdings of riskier assets for a second consecutive month in November. That pushed the firm’s Investor Movement Index, which has tracked clients’ positioning since 2010, to the highest level in a year, the Omaha, Nebraska-based brokerage said Monday.