FRANKFURT (DEUTSCHE-BOERSE AG) – The DAX is back to its old highs and a number of professionals are continuing to change sides. Not a burden for the market, but perhaps for the players themselves.
October 16, 2024 – In the past sentiment week, the majority of the investors we surveyed once again demonstrated a deft touch. Not only because the DAX marked two new all-time highs. On the contrary, the stock market barometer has generated a 2 percent point increase since last Wednesday – a temporary rise of 2.9 percent was even observed. However, this strong performance is probably not only attributable to domestic investors. The Bank of America survey of international fund managers published yesterday revealed that the global overweight in equities has risen to its highest level since June 2020. A net 31% of fund managers (previous month: 11%) stated that they were overweight in equities.
Eurozone equities are also likely to…
