Sat, Apr 25, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

BofA Merrill Lynch fund manager survey finds fresh EU concerns prompt move to 'risk off'

Wednesday, April 18, 2012

Bailey McCann, Opalesque New York: Investors have scaled back both risk-taking and their expectations for global growth after concerns about European Union (EU) economies resurfaced, according to the BofA Merrill Lynch Survey of Fund Managers for April. Investors are returning to cash, with a net 6% increase in movement to cash over last month.

Concerns over European finances have risen sharply as financial news out of Spain looks bleak 63% of those surveyed expect more negative surprises from the country this year. While more than half of the panel says that EU sovereign debt funding is the number one tail risk, up from a 38% in March. France is also expected to provide new negative news this year - according to respondents, regardless of which candidate wins the upcoming presidential election there.

"Investors have moved to a more neutral position after positive shifts in sentiment and risk taking in the first quarter. We believe investors will retain a sense of caution throughout the second quarter," said Michael Hartnett, chief Global Equity strategist at BofA Merrill Lynch Global Research in a statement.

The panel also viewing quantitative easing measures with renewed interest in light of increased European worries. Respondents are also losing confidence in overall economic recovery, 20% are positive on economic growth down from 28% last month. Investors expect further quantitative easing measures through 2012, adding to overall bearishness about the globa......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner