Emerging-market equity holdings have fallen sharply this month, with India a rare bright spot, according to the Bank of America-Merrill Lynch fund manager survey.
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BNP Paribas IP poaches BlackRock exec, Credit Agricole hires from BoA-ML, Julius Baer moves to new HK office, BNY Mellon launches new business in Japan, HK SFC appoints non-executive directors.
Despite the broad exodus from emerging market debt, offshore renminbi bonds have attracted flows and are expected to continue to benefit from renewed investor interest.
Global investors maintain their bullish stance and ignore warnings that risk assets may be vulnerable to a correction after a seven-month rally, finds BoA Merrill’s fund manager survey.
It's too soon to predict a structural shift in allocations from fixed income to equities, says Neill Nuttall of JP Morgan AM. But opinions are divided and contrary data is stacking up.
A win for Barack Obama will lead the US dollar to appreciate, says BoA Merrill, while noting the impact of US fiscal tightening on global GDP growth.
Allocators report the biggest jump in growth expectations in three years, but move only modest sums to equities. Emerging markets is the top regional overweight.
They turn positive on the eurozone, but sentiment dampens for China and Asia-Pacific. Fewer expect further rounds of quantitative easing amid growing inflation expectations.
Improved liquidity and rising global growth hopes are forcing investors out of cash and into risk assets, especially EM equities. Bond bulls should note a jump in inflation expectations.
The independent ETF strategist talks about the BoA Merrill U-turn, plans for her consultancy and why more retail participation will happen in Asia. And she admits she's waiting for the right job offer.
Cash balances surge to near late-2008 highs as fund managers scale back their equity positions faster than ever before. Emerging markets stand out as the sole overweight.
Investors trim emerging market exposure and allocations to equities and commodities while raising cash and bond holdings, finds the latest BoA-Merrill Fund Managers survey.
