Economics
Traders Return to Risk Despite Worst Growth Bets in Decade
- Money managers stop rotating from stocks into bonds: BofAML
- Just 14% of surveyed investors see a global recession in 2019
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Investors remain bearish on earnings and economic growth but are starting to get back into riskier assets, according to the latest fund-manager survey by Bank of America Merrill Lynch.
A net 52 percent of fund managers in the survey said they think global profits will deteriorate in the next 12 months, the worst profits outlook since December 2008 and a major reversal from 39 percent saying profits would improve 12 months ago.