1633 GMT - Investors have rotated out of U.S. stocks and into eurozone stocks as 2025 got underway, Bank of America's global fund manager survey for January shows. Fund managers are still overweight on U.S. stocks but this position dropped to a net 19% from a record net 36% overweight in December. Meanwhile, allocation to eurozone equities recorded the biggest monthly jump since February 2015 of 26 percentage points, resulting in a net 1% overweight. Investors are more negative on U.K. equities, however, with the survey showing a net 16% underweight, the lowest allocation since April 2024. (jessica.fleetham@wsj.com)
(END) Dow Jones Newswires
January 21, 2025 11:33 ET (16:33 GMT)
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