Fund managers turn bullish despite China fears


Global fund managers have become significantly more confident on the outlook for growth, according to a survey by Bank of America Merrill Lynch.

A net 72% of the 180 managers surveyed (who together run $516bn of assets) now expect the world's economy to pick up over the next 12 months - the survey's strongest reading in nearly four years and up 20% from July's figure. Over half of respondents identified the hard landing in China as the biggest tail risk, although a net 32% of managers expect China's economic growth to be weaker, an improvement from a net 65% last month. European managers have also become more bullish. A total of 88% of managers now anticipate the region strengthening in the year ahead, twice the level recorded...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week