The world’s biggest money managers look poised to revive wilting stocks with $250 billion of investments that could spark buying by quant-momentum traders -- adding 10% to equity values by the end of June.
JPMorgan Chase & Co. projects sovereign wealth, pension funds and balanced mutual funds will tilt their portfolios in favor of the asset class in the coming weeks to meet allocation targets, in the largest rebalancing drive since the first quarter of 2020.
