The number of private banks with overweight shares has tripled since the end of last year as corporate earnings show no signs of slowing and major economies remain in poor health.
This is one of the main findings of the latest edition of the Top 30 Super Allocators ranking, which compiles the investment beliefs of Europe’s largest private banks.
At the end of the first quarter of this year, 15 of 27 chief investment officers were overweight in the stock, compared with five of 27 who held that view at the end of the fourth quarter of 2023. Two of the 29 were overweight in stocks for the year. back.