BofA Says Exposure to UK Equities ‘Collapsed’ in Past Month
- Allocations to British stocks fall to lowest since Nov. 2020
- Global investors are most bearish on UK equities, survey shows
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Global investors slashed allocations to UK equities in the month after Liz Truss became prime minister, a Bank of America Corp. survey showed.
Exposure to British stocks “collapsed,” with allocations dropping by nine percentage points compared with the previous month, according to BofA’s global fund manager survey in October. A net 33% of investors are now underweight UK equities, the most in nearly two years.