Global investors bullish as economy on growth path: BofA-ML
not the biggest "tail risk" for asset markets, but it still remains investors' largest concern.
The Chinese economy is the other main concern as 63 per cent of respondents still anticipate a stronger economy this year, but one in seven sees a Chinese hard landing as their number one risk.
Investors' bullishness reflects a growing confidence in economic recovery. A net 59 per cent now expect the global economy to strengthen this year, compared to a net 40 per cent a month ago.
"While the survey reveals pockets of exuberance, undemanding valuations in Europe should underpin equities unless earnings growth fails to materialise," European investment strategist John Bilton added.
The survey which was conducted by BofA Merrill Lynch Research with the help of market research company TNS, covered 254 panelists with USD 754 billion of assets under management
during January 4-10.
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