Bank of America said in its December survey of European fund managers that healthcare is the biggest overallocation sector for European fund managers. However, the financial sector is still a super sector favored by fund managers, even though its weight has declined from the June high. Less than a quarter of respondents expect the financial sector to be the best performing sector in the next 12 months. The retail, food and beverage, and media sectors remain the largest under-allocated sectors, while European fund managers consider technology and industrial products to be the most valued sectors. Germany is the most popular stock market in mainland Europe, and fund managers say that in the next year, they will lower their allocations to France than any other country.

Bank of America said in its December survey of European fund managers that healthcare is the biggest overallocation sector for European fund managers. However, the financial sector is still a super sector favored by fund managers, even though its weight has declined from the June high. Less than a quarter of respondents expect the financial sector to be the best performing sector in the next 12 months. The retail, food and beverage, and media sectors remain the largest under-allocated sectors, while European fund managers consider technology and industrial products to be the most valued sectors. Germany is the most popular stock market in mainland Europe, and fund managers say that in the next year, they will lower their allocations to France than any other country.