The world’s biggest asset managers could unload around $150 billion in equities by the end of June, with the money set to flow into bonds, driven by month- and quarter-end rebalancing, according to analysts at JPMorgan Chase & Co.
After several quarters where global stocks and bonds moved the same direction, the MSCI World Index XX:990100 has seen quarter-to-date returns of 5.4%, while the Bloomberg Global Aggregate Bond Index has seen returns of -1.4%, the analysts, led by Nikolaos Panigirtzoglou, said in a Thursday note.
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This post was originally published on Market Watch
