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Investors have made the “biggest ever” on their US capital distributions in March, as President Donald Trump’s unstable trade war has sparked fears of the US economy and has caused a great deal of sales on Wall Street.
Allocations of American capital He dropped 40 percentage points, from 17 % overweight in February to net -feasting 23 % in March, according to a closely viewed survey by the Bank of America. During the same period, eurozone stock distributions rose to the highest level since July 2021.
According to Bofa analysts, the fears of stagflow, the Global Trade War and the end of US exceptionalism have led a “bull’s accident” in sentimentation.
“It is not surprising to see that fund managers are moving away from the US market,” said Trevor Holdham, head of multi-means at Royal London Management Management. “The price is for perfection and the policy coming out of the White House is not that.”
According to the survey, nearly 70 % of investors now say that the theme “Exceptionalism of the United States”, which forced the S&P indexes to record heights in the weeks after Trump’s choice in November, rose.
This sudden shift comes as US reserves declined after a record high in February. Research also found that expectations for global investor growth fell apart in March to the second largest mark on Record.
Like US stocks, investors were negative about technological and energy stocks, while they were more optimistic about utilities and banking actions.
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