North America is still in favour For Fund Managers. The latest Lipper unit trust asset allocation analysis report has confirmed that managers of global equity growth funds continue to allocate about 32% of assets to North America.
The total value of assets held in the global equity growth funds covered by the Lipper report dropped from £15.13 billion in June 2002 to £13.52 billion at the end of July 2002.
In the UK equity and bond income sectors, the report showed the average proportion of asset allocation in UK equities was 63.4%. Assets in overseas bonds amounted to 3.7% and just over a quarter of assets were invested in UK fixed interest.