Global fund managers increasingly bullish

News Snapshot:

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow The BofA Securities monthly survey of global fund managers (FMS) finds institutional investors increasingly bullish, “Investor sentiment no longer extreme bearish (17-month high in global equity allocation), but not yet bullish (FMS cash level up to 4.9 per cent); more dramatic shift in relative exposure: record jump in US, record fall in EM equities as China growth optimism slumps back to “lockdown lows’ … It’s soft or no landing” (say 74 per cent), b. ‘short rates to fall’ (say 75 per cent), c. ‘avoid China’...