BENGALURU (Reuters) – Global funds recommended cutting equity allocations to the lowest since early 2010 and increasing bond holdings to their highest since then, according to a September Reuters poll which found a correction in world stocks before year-end was likely.
Volatility in equity markets resurged this month ahead of the November U.S. election and as the death toll from COVID-19 rose past 1 million – a bleak statistic in a pandemic that has devastated the global economy.
(Reuters interactive graphic: tmsnrt.rs/2VqS5PS)
While U.S. stocks are set for their first monthly decline since March, the S&P 500 and Nasdaq are still on course for their best two-quarter winning streak since 2009 and 2000, respectively.
The Reuters Sept.