BofAML survey: Investors most bearish since 2011
High allocation to cash
BofAML survey respondents are bearish on global growth
Investors have the worst outlook on the global economy since 2011, according to the latest Bank of America Merrill Lynch fund manager survey, driven by fears over slower global growth and US decoupling.
The survey of 244 panellists between 7-13 September with $742bn in assets under management globally, found a net 24% of investors expected global growth to slow in the next year. The figure, up 7%...
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