| Fund managers are underweighting commodities big time according to the latest fund manager survey issued by Bank of America Merrill Lynch (BoAML) on March 19 which reveal a big jump in the underweighting of the commodities sector from a net 1% to a net 11% underweight in March. This is 1.3 standard deviations below the average and the largest underweight since July 2012.
The number of emerging market investors worried about a hard landing in China also rose from 10% to 18%, highlighting concerns about demand for commodities after four months of improved sentiment towards China recorded by the BoAML survey...............................................Full Article: Source
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