Tue, Jun 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Fund managers' confidence in EU offsets sell off in emerging markets

Wednesday, September 18, 2013

Komfie Manalo, Opalesque Asia:

A survey by the BofA Merrill Lynch has found that fund managers are bullish on European equities and confidence has reached pre-crisis levels that offsets the market sell-off in emerging markets.

In a poll conducted from 6 September to 12 September 2013 amongst 236 panelists with $689bn of assets under management, the BofA Merrill Lynch Fund Manager Survey for September showed that allocations to Eurozone equities have reached their highest level since May 2007. A net 36% of global asset allocators are overweight the region, more than twice the net 17% recorded in August. A net 12% of asset allocators are overweight U.K. equities, which represents an all-time high. Allocations to emerging market equities remain low with a net 18% of the panel underweight.

The survey said, "Investors have signaled their intent to maintain flows into Europe. A net 27 of investors say that the Eurozone is the region they would most like to overweight in the coming 12 months – also the highest reading since May 2007. The switch in sentiment towards Europe has been swift. Only a net 2% expressed a desire to overweight the region in July. Greater confidence in Europe’s economy is evident. Half of the panel believes that stronger EU growth is the most likely solution to the region’s debt crisis ......................

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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  3. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

  4. Qbasis gets $200m-plus investment in 'black swan' hedge fund[more]

    From Reuters.com: A hedge fund that more than doubled clients' money during the 2008 financial crisis has attracted more than $200 million from an investor aiming to cash in on fresh ructions in global markets. Qbasis Invest has secured the investment from Britain's Omada Capital, Florian Wagner, wh

  5. Outlook - Jim Rogers: Turmoil is coming[more]

    From Peakprosperity.com: Two years since his last interview with us, investor Jim Rogers returns and notes that the risks he warned of last time have only gotten worse. In this week's podcast, Jim shares his rational for predicting: increased wealth confiscation by the central planners

 

banner