Fund managers rush towards emerging market equities

The Covid-19 pandemic continues to prey on the minds of fund managers, but it is being offset by hopes around a rapid distribution of newly created vaccines, which are inducing a strong “buy the reopening” trade. At 30%, the coronavirus remains the biggest tail risk in the December BofA Global Fund Manager Survey released on Tuesday (December 15), but worries about it have fallen 11 percentage points since the November survey.  “2020 was a year utterly dominated by Covid-19 whic…