Fund managers bullish on stocks, cyclicals: survey
In Asia, they're keen on Korea, China and Taiwan; sentiment cool for S-E Asia
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GLOBAL fund managers are most bullish on stocks and cyclicals at the moment, but staying away from South-east Asia, according to a survey by Bank of America Merrill Lynch.
Expectations have also improved for corporate profits amid better outlooks for economies, according to the bank's global fund manager survey, which was carried out between Dec 6 and 12.
Globally, the survey reflected improved sentiment about the months ahead.
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