MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

UBS Isn’t Worried About $100 Billion Fleeing U.S. Stocks

TedTed
in The Bullpen
FYI: Investors’ distaste for U.S. stocks has rarely been higher. To Wall Street’s biggest equity bull, it’s nothing to worry about.

Rather, it represents untapped buying power, says UBS equity strategist Keith Parker, whose year-end target for the S&P 500 Index to reach 3,150 is the highest among all strategists tracked by Bloomberg.

Outflows from funds that focus on American equities surged to $100 billion over the past 12 months, data compiled by UBS showed. That’s in stark contrast with $400 billion of money added to those that invest in international stocks. As a result, the gap in flows was the biggest on record
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-04-23/-100-billion-fleeing-u-s-stocks-is-why-ubs-stays-biggest-bull
Sign In or Register to comment.