Survey Finds Investors Significantly Less Confident in Global Economic Outlook

Dateline City: NEW YORK Cash Allocations Rise, Equities Cut Sharply With increasing concern over China's growth, investors are significantly less confident in the global economic outlook, according to the BofA Merrill Lynch Fund Manager Survey for January. Allocations to equities have fallen sharply, while cash holdings have risen. A net 8 percent of fund managers see the global economy strengthening over the next 12 months – the survey's lowest reading on this measure since 2012. Despite this, just 12 percent believe a global recession will occur in the next 12 months. Slowdown in China now......(read more)

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