According to a poll by Reuters, U.K. money managers reduced exposure to euro zone and U.K. stocks last month, Reuters reports. The average exposure in global equity portfolios to the U.K. came down to 11.7% from 13% in March.
Money manager’s also reduced their allocation to euro zone stocks from 16.1% to 14.5%. The managers have instead increased the buying of stocks in North America and Asia.
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