Financials Nov 13, 2020 04:48 PM (GMT+8)
On November 13, JP Morgan strategists increased their exposure to global stocks and further reduced their holdings of sovereign bonds, saying that the optimistic news about the new crown vaccine this week would "change the market pattern." According to the report, JP Morgan's team of strategists increased the over allotment of stocks from 8% to 10%, adjusted the reduction of government bonds from - 11% to - 12%, and reduced the over allotment of corporate bonds. JP Morgan said that with the advent of vaccines, global value stocks will enter a period of long-term excellent performance, so they are more optimistic about stocks in other regions than US stocks.
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