22.03.2013 - Fund managers underweight commodities big time
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
Print