Emerging-market investors favour Indonesia and Russia

Meanwhile, a net number of investors are overweight Japan for the first time in 19 months, while Europe suffers a further sell-off, according to Bank of America Merrill Lynch's March survey.

Globally, investors have turned more bullish on equities this month, with a net 46% overweight the asset class, compared to 33% in February, according to Bank of America Merrill Lynch's monthly survey of fund managers.

However, sentiment on Europe has worsened, with a net 21% of global investors underweight European stocks, as against 11% last month, finds the survey, released yesterday. Japanese and US equities appear to have benefited, with the former posting its first net ...