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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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, took place in January prior to news of the Wuhan virus outbreak. Fund managers today would likely regard this as a risk to China and possibly other nations.
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