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Investor allocations to US equities at record high, to cash at record low, BofA says

Summary by WTVB
LONDON (Reuters) – Investor allocations to U.S. equities has hit a record high this month, at the expense of European stocks, commodities and cash, according to a December survey from BofA Global Research. This shift, according to a survey of 171 participants with $420 billion of assets under management, is on the back of U.S. growth optimism, bets that Donald Trump’s second term as president will bring in tax cuts and deregulation, and loom…
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