Global asset allocators turned the most bearish on equities and commodities since 2009 as Europe’s debt crisis prompted investors to once again raise cash levels, a Bank of America Corp. survey showed.
A net 7 percent of the 286 respondents, who together manage $739 billion, said they were “underweight” stocks this month, compared with 5 percent in September, according to a survey from Bank of America’s Merrill Lynch unit……………………………………….Full Article: Source