Record number of fund managers consider equities overvalued
BofA Merrill Lynch survey
The poll found expectations of faster growth plunged from 71% in May to 39% this month
The number of fund managers that believe equities are currently overvalued has reached a record high, according to research from Bank of America Merrill Lynch (BAML).
BAML's latest Global Fund Manager Survey, conducted between 2 and 8 June, saw 44% of managers taking a cautious stance on global equities, up from 37% in May, with 84% identifying the US as the most overvalued...
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