Equities back in favour for sovereign investors in third quarter
Share:
LONDON (Reuters) - Sovereign wealth funds regained their appetite for equities in the third quarter, piling into passively managed stocks in the United States and equities in mainland China and elsewhere, according to eVestment data.Passively managed S&P 500 funds -- those that buy a basket of S&P 500 stocks and hold them rather than trading day to day -- took in $1.09 billion (£844 million) from sovereign investors during the period, the first net inflow since the fourth quarter of 2016, after..