Investors fear global economic recovery could falter: Survey
Written by Reuters
| Updated: Oct 19 2013, 10:05am hrs
Investor optimism over the global economic recovery and corporate profits has been dented though asset allocators have increased their allocations towards global emerging market equities, says a survey. According to the BofA Merrill Lynch fund manager survey for October, investors are concerned that global economic recovery could falter, while emerging market confidence have started to rebuild. As per the survey, in October, only 54% of investors believed that the global economy will strengthen, while, in September the figure touched as high as 69%. A net 71% expect the economic growth to remain below trend in the coming 12 months, up from a net 61% a month ago.