In just the last month, high levels of uncertainty in global markets have taken a toll on a number of fund managers as many investors retreat from risky positions and build up their cash balances, according to a June survey by Bank of America Merrill Lynch.
Eleven percent of a global panel of 260 fund managers with $689 billion in assets under management believe the global economy will deteriorate in the coming 12 months. Not only was that number the weakest reading since last December, but also it constitutes a dramatic shift of 26 percentage points from last month when 15% believed that the economy would strengthen.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access