Big money turning sights outside the US in 2014

A trader works on the floor of the New York Stock Exchange.
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Big investors are putting their bets in for 2014, and so far it looks like the smart money is heading outside the U.S.

After a two-year run in which American equities dominated the investing landscape, the pendulum clearly has begun to swing globally in the second half of 2013 and more of that is expected in the year ahead.

Institutional investors responding to a Citigroup quarterly poll rated European stocks as the most-favored class, with Asia-Pacific coming in second and U.S. pulling up third.