Mutual fund managers of global portfolios are exiting developed foreign markets in favor of U.S. stocks, according to MarketWatch.

Of the 131 U.S.-based stocks with global investment mandates, 40% have holdings in the U.S., up slightly from one year ago, according to Kai Wiecking, an analyst with Chicago-based fund-tracker, Morningstar. This represents a shift in the focus of managers who have concentrated on European stocks especially. 

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