(Source: Merrill Lynch & Co Inc) Investors have regained some appetite for risk with a strong consensus over a U.S. rate rise next month, according to the BofA Merrill Lynch Fund Manager Survey for November. With growth and inflation expectations notably higher after new U.S. payroll data, they have cut cash holdings and increased exposure to equities, real estate and alternative investments. The percentage of asset allocators overweight equities rose significantly by 17 points to a net 43 percent, while lowering cash overweights to their lowest level since July. Four-fifths of panelists now expect the U.S. Federal Reserve to raise rates during the current quarter. Confidence in the global...
↧