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Most fund managers optimistic about global growth, downgrade recession risk: survey

Survey of 249 global panellists shows 36% expect global growth to improve over next 12 months

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Fund managers are mostly bullish on Asian and other emerging markets and have downgraded US equities, according to the survey that took place prior to news of the Wuhan virus outbreak.

London

THE majority of fund managers are optimistic about emerging and other equities and economies, according to the latest Bank of America Merrill Lynch (BofAML) survey.

The survey of 249 global panellists with US$739 billion (S$998 billion) of assets under management, however,...