Investors seek more euro exposure, expect a choppy summer: BofA

LONDON (Reuters) - Global fund managers said the euro was cheap and were seeking more exposure to the common currency and the bloc's equities on the back of a massive fiscal stimulus plan, a survey by Bank of America showed on Tuesday.

A rush to the resilient U.S. technology stocks also gathered more pace in July with a record 74% of investors surveyed calling it the most "crowded trade".

(Reporting by Thyagaraju Adinarayan; Editing by Alex Richardson)

07/14/2020 10:38

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