Survey: Money managers ramp up stock purchasesNews added by ProWEB Media on July 26, 2010
Gary Linnell

ProWEB Media

Joined: December 27, 2005

Mutual funds, pensions and endowments are buying up more stocks than at any time since the beginning of the bull market, according to a recent survey by the American Association of Individual Investors.

Institutions increased equities to 68 percent of their holdings in July, the highest percentage in more than a year. By comparison, the ratio of bullish to bearish respondents in a recent survey fell to 0.68, the lowest level since July 2009.

According to Bloomberg, the last time money managers and individual investors were so far apart was in March 2009.
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