Investors to raise the proportion of US stocks to seven months high European deb

Reuters survey released Tuesday showed that as US stocks climbed to new highs in October, global investors raised their shareholding to seven-month highs. Strong corporate profits and the US tax cuts approved by the hope to strengthen, to help US stocks stronger.

Reuters visited 51 fund managers and investment directors in Europe, the United States, the United Kingdom and Japan during the monthly asset allocation survey conducted on October 16-27.

During this period, the US House of Representatives reluctantly through the 2018 fiscal year budget, paving the way for the tax reform, so that the market expects US companies will benefit from it.

This move helped US stocks hit a new high in October, while US corporate earnings were better than expected, and the US economy grew well in the third quarter, and helped boost US stocks. The Nasdaq and Dow Jones Industrial Average rose 3.6% and 4.3% in October, respectively.

Global investors in the global stock investment in October, the US stock market positions rose 2.1 percentage points to 40.8%, the highest since March, it is not surprising.