1224 GMT - Investors have slashed their allocation to U.S. equities in the past five months, Bank of America's global fund manager survey for May shows. U.S. equity allocation has fallen by 75 percentage points since reaching record exposure in December 2024 when 36% of investors were overweight on the asset class. Investors are now 38% underweight U.S. equities, the most since May 2023. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
May 13, 2025 08:24 ET (12:24 GMT)
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