LONDON (Reuters) – Global fund managers said the euro was cheap and were seeking more exposure to the common currency and the bloc’s equities on the back of a massive fiscal stimulus plan, a survey by Bank of America showed on Tuesday.
A rush to the resilient U.S. technology stocks also gathered more pace in July with a record 74% of investors surveyed calling it the most “crowded trade”.
(Reporting by Thyagaraju Adinarayan; Editing by Alex Richardson)
