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Fund manager poll marks turning point in sentiment

The majority of fund managers surveyed are overweight equities for the first time in 18 months.

The monthly Merrill Lynch fund manager survey is showing a turnaround in investor sentiment. For the first time since December 2007, the majority of fund managers surveyed are overweight equities within a global portfolio, resulting in a net 9% overweight in the asset class. That's a marked improvement from last month's net 6% underweight in equities.

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