Amundi Says Clients Are ‘Massively’ Repositioning Into Europe
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Amundi SA says it’s seeing a major reallocation as clients pull away from the US and pile into European funds in response to the market upheaval triggered by tariff wars.
Investment clients have “massively repositioned” their portfolios toward European equities and government bond exchange-traded-funds, a spokesperson for Europe’s biggest asset manager told Bloomberg. The direction of flows reflects a “broader market repositioning” on the back of tariff announcements, the person said.