Bullish fund managers ignoring stagflation fears

London

GLOBAL fund managers are enthusiastically bullish and are ignoring fears of stagflation, with seven in 10 respondents to the latest survey by Bank of America (BOA) expecting to see "above-trend" growth and inflation.

This is a record sentiment high, according to the investment bank's market strategists. The survey shows that the majority of the 215 fund managers, with US$625 billion in assets under management, are "unambiguously bullish".