FYI: Investors are showing less faith in the global economy, sending the appetite for riskier assets such as emerging-markets and European equities lower, according to a survey of fund managers released Tuesday.
The Bank of America Merrill Lynch Fund Manager Survey for October found only a net 32% of the fund managers polled expect the global economy to strengthen over the next 12 months, marking the lowest reading in two years and a fall of more than 20 percentage points from September. Additionally, profit expectations have slumped to an 18-month low.
Regards,
Ted
http://www.marketwatch.com/story/growth-fears-pushing-fund-managers-from-risky-positions-survey-finds-2014-10-14/print
