The number of private banks that are overweight equities has tripled compared with the end of last year, as company earnings show no signs of slowing and major economies continue to be in rude health. At the end of the first quarter this year, 15 out of 27 chief investment officers were overweight equities, compared with only five out 27 who held this view at the end of the fourth quarter in 2023. Two out of 29 were overweight equities a year ago [b810c9f3].
This surge in CIO equity bulls reflects the positive sentiment towards the global economy and the strong performance of company earnings. The buoyant economic conditions have led private banks to increase their allocation to equities, with 15 out of 27 chief investment officers now holding an overweight position in equities. This represents a significant increase compared to the end of last year, when only five out of 27 CIOs were overweight equities. Additionally, two out of 29 CIOs were overweight equities a year ago. The trend indicates a growing confidence in the market and a belief that company earnings will continue to thrive [b810c9f3].
The positive outlook for equities is driven by the robustness of major economies and the sustained strength of company earnings. Private banks are optimistic about the future performance of equities, as there are no signs of a slowdown in company earnings. This optimism is reflected in the increased number of CIOs who are overweight equities. At the end of the first quarter this year, 15 out of 27 CIOs held an overweight position in equities, compared to only five out of 27 CIOs at the end of the fourth quarter in 2023. This represents a threefold increase in the number of CIO equity bulls. The trend indicates a positive sentiment towards the global economy and a belief that major economies will continue to thrive [b810c9f3].
The surge in CIO equity bulls is a result of the strong performance of company earnings and the buoyant state of major economies. Private banks have increased their allocation to equities, with 15 out of 27 chief investment officers now holding an overweight position in equities. This represents a significant increase compared to the end of last year, when only five out of 27 CIOs were overweight equities. The positive sentiment towards equities is driven by the robustness of major economies and the absence of any signs of a slowdown in company earnings. The trend indicates a growing confidence in the market and a belief that equities will continue to perform well [b810c9f3].
Private banks are increasingly bullish on equities, as the number of chief investment officers (CIOs) who are overweight equities has tripled compared to the end of last year. At the end of the first quarter of this year, 15 out of 27 CIOs were overweight equities, compared to only five out of 27 CIOs at the end of the fourth quarter in 2023. This surge in CIO equity bulls reflects the positive sentiment towards the global economy and the strong performance of company earnings. The trend indicates a growing confidence in the market and a belief that equities will continue to outperform [b810c9f3].