European equity rally will continue into 2022 as reflation trade has 'way to go'

BofA European fund manager survey

The percentage of investors that expect the rally in European equities to continue into next year has increased to 58% from 51% in August, while an increasing majority think the reflation trade has further to go, according to the latest BofA European fund manager survey.

The BofA Global Research report found that fewer than 5% of investors think the market has peaked, although a growing minority of 16% believe the European equity rally will come to an end in the third...