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Global investors less optimistic on equities, commodities: BofA Merrill Lynch poll

Posted on 17 April 2013

Global investors were less optimistic about the global economy in April as the growth outlook for China deteriorated, weighing on commodity and equity allocations, a closely-watched survey of fund managers showed.
The monthly survey from Bank of America Merrill Lynch, published on Tuesday, showed a net 18 percent of investors underweight commodities, the worst level since January 2009. Fund managers were surveyed before a sharp sell-off in gold and the release of weak Chinese data this week. The index reading shows the difference between overweight and underweight positions…………………………………….Full Article: Source


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