Bearish stance on European economy does not extend to equities
Despite sharp decline in recovery expectations
BofA Securities
-
-
Three banks fined for European government bond market collusion
But four rivals managed to escape financial penalties
-
Inflation fears mount for fund managers
But are their concerns really warranted?
-
Investor wiggle room shrinks
As the pool of assets that appears to leave some margin for error is fast diminishing
-
US blue chips count the cost of ESG scandals
Data breaches, accounting scandals, sexual harassment and governance issues have rocked major companies
-
Fund manager confidence tumbles to crisis levels
BofAML poll of investors managing €471bn in assets found extremely bearish sentiment driven by trade concerns
-
Selectors expect to raise EM holdings amid US-China trade war
Emerging markets and Asia ex Japan equities most popular asset classes for fund buyers, data shows
-
High rise in sentiment for property funds
Pan-European selectors are increasing allocation to real estate funds in the face of weak bond yields
-
German selector pessimism hits six year low
Political uncertainty rocks sectors like manufacturing and automobiles, leaving fund buyers worried
-
Brexit downturn could slow global growth
Investor consensus pegs recession for Q1 2020
-
Tech ‘most overvalued sector in history’
27% of European fund managers will be overweight in sector over the next 12 months, according to BofA
-
Italy least popular European market
Italy has replaced the UK as the least popular market in Europe for fund managers, according to Bank of America Merrill Lynch (BofAML).