The number of fund managers predicting a global recession has climbed to an eight-year high, according to the Bank of America Merrill Lynch (BofAML) August Fund Manager Survey, heightened by trade war concerns.
Among the fund managers surveyed, encompassing some 224 investors with assets under management of $553bn, 34% said a global recession is likely in the next 12 months, marking the highest recession probability...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow