Bullish fund managers ignoring stagflation fears
BOA survey findings, reflecting record high sentiment and rampant optimism, show most are expecting to see 'above-trend' growth and inflation
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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".
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