The latest monthly fund manager survey carried out by Bank of America Merrill Lynch found a record increase in the number of fund managers taking out portfolio protection as they become increasingly concerned about market direction.
The survey questioned nearly 200 global fund managers with $575bn in assets under management between 2-8 February when markets across the world were experiencing falls. In the US, the Dow Jones fell...
The US dollar is close to peaking and the risks now seem to be on the downside.
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