Bull market ‘could run through 2018’

UK fund managers resumed raising their equity exposure in November, a Reuters poll showed, with over two-thirds expecting the global equity bull run to continue throughout 2018.

However, UK investors cut their US stocks allocation by 3.8% to 24.7%, the lowest level since August 2016, reflecting concerns about valuations in the tech sector, which is up 39% year-to-date.