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U.K. Money Managers Cut Euro Zone Stocks
According to a poll by Reuters, U.K. money managers reduced exposure to euro zone and U.K. stocks last month.
According to a poll byReuters, U.K. money managers reduced exposure to euro zone and U.K. stocks last month,Reutersreports. The average exposure in global equity portfolios to the U.K. came down to 11.7% from 13% in March.
Money manager’s also reduced their allocation to euro zone stocks from 16.1% to 14.5%. The managers have instead increased the buying of stocks in North America and Asia.
Click here for the story fromReuters.