Investors 'make Europe great again' with big stock allocation, BofA says
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FILE PHOTO: German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 20, 2025. REUTERS/Staff/File Photo
MILAN (Reuters) - European stocks saw their second largest allocation in a quarter of a century in January, as lagging risk assets played catch up, according to a survey of investors from BofA Global Research published on Tuesday.
In a report titled "Make Europe Great Again", BofA said asset allocation remained risk-on, with investors bullish towards the U.S. dollar and stocks, but bearish towards everything else.
Investors were the most underweight on bonds since October 2022, while cash levels ran low at 3.9%, said the survey of 182 participants with $513 billion of asset under management.
A disorderly rise in bond yields was seen as the most bearish development for 2025, BofA said.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
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