After news of Facebook’s privacy blunder broke last month, all European-domiciled technology focused funds have seen returns fall although two which focus on emerging market tech firms have bucked the trend, according to FE Analytics.
European asset managers’ appetite for equities is at its highest since March 2015 with the majority of fund managers responding to Bank of America Merrill Lynch’s latest fund manager survey reporting an overweight allocation despite seeing the asset class as expensive.
Europe’s earnings per share (EPS) recovery is underway and valuations are not expensive, however, there is no sign of euphoria despite froth elsewhere, according to Bank of America Merrill Lynch (BofAML). The bank’s latest global research report said Europe’s EPS recovery was underpinned by booming macro data and recovering margins. Find out where the European…
Bonds have been an unloved asset class of late as investors’ mad scramble for yield has pushed the cost to unpalatable highs and they sought safety in cash, but does an impeding equity market correction mean that is set to change?
The exposure of global fund managers to US equities has fallen to its lowest level since January 2008, according to the BofA Merrill Lynch fund manager survey for July.
There is a stronger than ever consensus among investors that equities are overvalued. Investors also believe central banks are too dovish.
If the fund managers surveyed on a monthly basis by Bank of America Merrill Lynch are any indication, animal spirits have returned.
The past week has seen the widest global disparity between equity and bond flows ever, according to the latest BofA Merrill Lynch Global Research report.
Bank of America Merrill Lynch data revealed 11 July was “the day when bears capitulated into risk assets” with investors flocking to high yield in droves.
Investors are turning more cautious in the face of the turmoil in the financial markets this year, according to the latest Bank of America Merrill Lynch (BAML) Fund Manager Survey, with average cash balances up at their highest weighting since November 2001.
Risk-on sentiment has returned for the first time in ten weeks according to fund flow data from Bank of America Merrill Lynch.
Fund manager sentiment on emerging markets and energy stocks has hit a new low, according to Bank of America Merrill Lynch’s August Fund Manager Survey.
