Hopes of a growth recovery in China are all but disappearing, with the proportion of respondents expecting the slowdown to continue in 2016.
Meanwhile, sentiment stays near record lows for emerging markets, as China attracts more flows but India falls out of favour, finds Bank of America Merrill Lynch’s fund manager survey.
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.
China, India and Japan are popular right now, while Hong Kong, Australia and Singapore are out of favour, according to Bank of America Merrill Lynch's monthly fund manager survey.
Investors remain heavily underweight emerging market stocks, with India one of the few countries in favour, finds Bank of America Merrill Lynch’s fund manager survey.
Allocations have switched from overweight to underweight the two markets amid record low emerging market sentiment, finds Bank of America Merrill Lynch's monthly fund manager survey.
Investor confidence has risen globally, but equities are seen as being at their most expensive for nearly a decade, according to Bank of America-Merrill Lynch’s fund manager survey.
Despite being extremely bearish on emerging-market equities generally, fund managers are keen on selected Asian markets and the major developed markets.
As investors brace for a China slowdown, there are signs of optimism about Europe, and Japanese stocks remain in favour, according to Bank of America Merrill Lynch's fund manager survey.
In a survey of global fund houses in the second quarter, none are underweight equities, with Greater China, emerging markets and Asia-Pacific ex-Japan the most heavily favoured.
China is also falling out of favour, while Japan and Malaysia are rising in popularity, according to Bank of America-Merrill Lynch’s monthly fund manager survey.
Investors are increasingly concerned about the prospect of a hard landing for the world's second biggest economy, finds Bank of America Merrill Lynch's fund manager survey.