Bullish conviction: A man walks by the JPMorgan Chase headquarters in New York City. In a market that rewards conviction and punishes caution, sitting out is starting to look like the riskiest position of all. — Reuters
WASHINGTON: A cohort of the world’s largest asset managers is leaning harder into the rally in risk assets as US stocks push to fresh highs, defying persistent trade and geopolitical tensions.
Firms such as Invesco Ltd, Fidelity International Ltd and JPMorgan Asset Management are reinforcing bullish bets across technology shares from the United States to Asia as well as on emerging-market assets.
