Investors Turn Away from Japan Stocks, Global Banks, BofA Survey Shows -- Market Talk
Dow Jones04-14 20:28
1228 GMT - Fund managers pulled money from Japanese stocks and global banks in April, according to Bank of America's Global Fund Manager Survey. Money managers' confidence that banking stocks will perform better than other sectors is at its lowest level than any time since October 2024, the survey finds. Alongside tech stocks, banks were the main driver of global stocks' bull run over the past few years, Bank of America analysts write. Meanwhile, confidence in Japanese equities is at its lowest level since November 2024. A net 11% of fund managers surveyed are choosing to allocate less money to Japanese equities than the benchmark, a 25 percentage-point drop compared to March. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
April 14, 2026 08:28 ET (12:28 GMT)
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