Investor optimism way down on China and energy
In fact, asset managers are as bearish as they have been since early 2009 on several counts, according to Bank of America Merrill Lynch's June fund manager survey.
Investors' growth expectations look to be 'double-dipping', with optimism on the Chinese economy at its lowest since January 2009 and expectations on global growth and corporate profits at their lowest since March 2009, according to Bank of America Merrill Lynch's fund manager survey for June.
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