Investors favour Europe the most, avoid emerging markets: Poll

Investors have boosted their allocation to Euro zone stocks to its highest in 5-1/2 years at the expense of emerging markets, as confidence about the region’s growth improves, a closely-watched survey showed on Tuesday. The monthly fund managers poll from Bank of America Merrill Lynch showed a net 17 per cent of investors are overweight on the Euro zone, the highest level since January 2008. In contrast, investors slashed emerging market equity exposure to a net 19 per cent underweight, the lowest exposure in 12 years.