19.06.2013 - Fund managersí commodities aversion hits record levels
Fund managers are holding record underweights to the commodities sector, while emerging market sentiment has hit a near five year low, according to the latest Bank of America Merrill Lynch Fund Manager Survey. The survey, which canvasses 248 global fund managers with assets under management of $708 billion, found extreme bearishness in assets tied to Chinese growth or US Treasury volatility. The headline findings saw the number of fund managers reporting an underweight to commodities surpass the previous high of December 2009. In the latest data, 32% of those canvassed said they were underweight here...............................................Full Article: Source
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