Reuters Tokyo – Japanese fund managers have grown less cautious about global stocks than a month ago, as a retreat in oil prices and signs of improved confidence in the U.S. financial sector have eased pessimism, a monthly Reuters survey showed.
The poll of 11 Japan-based institutional investors, who were asked about their investment stance heading into the next month, showed their average stock allocation rose to 53.6 percent from 52.6 in the previous survey.
Bond allocations dropped to 42.6 percent from 43.1 percent while the weighting for cash slipped to 4.3 percent from 4.9 percent in June.
