Sep
12
Investors Boost Stock Hedges at the Fastest Pace in More Than a Year
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Share of fund managers taking protection rises most since 2016
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BofAML survey shows investors fretting over North Korea
The number of investors seeking protection from a stock market plunge rose by the most in 14 months in September, according to the latest survey of fund managers by Bank of America Merrill Lynch.
There was a 9 percentage point jump in the share of investors buying equity hedges, according to the Sept. 1 to 7 poll of money managers overseeing $629 billion. That leaves only a net 27 percent who have not bought protection, the bank’s strategists said. The level of underweight positions in U.S. equities rose to a ten-year high…
Investors Boost Stock Hedges at the Fastest Pace in More Than a Year
