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

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, 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.

The survey shows that fund managers are not at extreme bullish levels about equities, but it contrasts with their general…