Fund managers more cautious on equities, says HSBC

Dec 15, 2009

Instead, they are increasingly bullish on bonds, particularly emerging-market and high-yield instruments, according to the UK bank's quarterly investor survey.

The substantial run-up in stock prices this year appears to have taken its toll on the outlook for equities markets among asset managers, as they turn to less risky investments, according to HSBC's quarterly fund manager survey. That's a switch back from the sentiment reported in the bank's previous poll in September, when optimism had shifted towards equities.

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