Over a third of sovereign investors plan to cut their equity exposure over the next three years after a strong run in 2017, citing trade wars, geopolitics and high valuations as headwinds to performance, a study by asset manager Invesco showed.
Global investors raised their equity holdings in April, highlighting supportive company earnings and solid economic growth.
Global investors were crowded into so-called FAANG and BAT tech shares in March and continue to cling to equity holdings despite fears of trade wars and growth slowdown.
Global investors cut equity holdings by the most in 2-years in Feb, a Bank of America Merrill Lynch survey showed, as world shares had their worst week since early 2016.
MUFG reported a 12 percent rise in quarterly net profit, as gains from selling equity holdings and smaller bad loan costs helped offset a weak lending business.
Global investors raised equity holdings to a 15-month high in April but trimmed U.S. stocks on growing scepticism over what President Donald Trump can deliver.