Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, on April 25.Brendan McDermid/Reuters
Global investors sold off U.S. stocks at a record pace in the last two months, according to a new survey, and financial planners say that’s a timely reminder for Canadian investors to assess whether their portfolios are too concentrated on equities south of the border.
The April survey of fund managers released by Bank of America Global Research found that participants were a net 36 per cent underweight U.S. equities, meaning investors are holding a smaller percentage of U.S. securities than usual. That’s a drop of 53 percentage points since February – the biggest two-month decline on record.
While many Canadians have considered selling their U.S. stocks, or already have, financial planners caution against making abrupt changes.
It should be “more of a question of whether the investor…
