Global Fund Managers Playing Catch-Up May Fuel S&P’s Next Leg Up

While US stocks have been going from one record to the next, global asset allocators haven’t quite kept up. And that may keep the market’s upward momentum intact as fund...

By Natalia Kniazhevich · Bloomberg Markets

While US stocks have been going from one record to the next, global asset allocators haven’t quite kept up. And that may keep the market’s upward momentum intact as fund managers try to catch up.