Cautious global funds favor bonds over equities in June – ZAWYA

Cautious global funds favor bonds over equities in June – ZAWYA

Cautious global funds favor bonds over equities in June | ZAWYA MENA Edition HomeMarketsCurrenciesArticleCautious global funds favor bonds over equities in June Increasingly cautious global funds recommended an increase to bond holdings in June    Traders wearing masks work, on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. BENGALURU- Increasingly cautious global funds recommended an increase to bond holdings in June to the highest since early 2010 at least at the expense of equity allocations, which were cut to the lowest in over 3-1/2 years, a Reuters poll showed.While world stocks have risen sharply since late-March troughs on hopes for a quick economic recovery, the pandemic has shown few signs of abating. In the United States, states like California and Florida have reversed their re-openings, with Arizona also ordering the closure of bars and gyms.Reuters polls of economists, long-term investors, as well as foreign exchange, fixed-income and property market analysts over the past few months have suggested the recovery from the global economic recession would be slow and long. While world stocks have risen sharply