BofA: Investors lift economic expectations for Asia despite long-term concerns over China

Asia Fund Manager survey

Investors are feeling more optimistic about Asia for the next 12 months, but longer-term pessimism over China remains intact despite short-term hope.

According to the latest Bank of America Asia Fund Manager survey, the outlook for the continent has "mildly improved", with a net 39% of respondents expecting a stronger economy in the next year, up from 24% in July's survey results and 6% in June. Earnings expectations are similarly positive, as net 35% of investors forecasted profits in Asia to increase. Meanwhile, investors have had a change of heart about China, with the severe lack of confidence recorded in July seeming to have receded slightly since the Politburo meeting at the end of the month. China central bank makes unexp...