Global Fund Managers Feeling Bullish

Global fund managers are feeling more optimistic and are putting more money into banking stocks this January, according to a new survey by BofA Merrill Lynch Global Research

Alanna Petroff 16 January, 2013 | 2:39PM
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Global fund managers have entered 2013 brimming with optimism and have been pushing more money into equities and, specifically, banking stocks, according to the latest BofA Merrill Lynch Fund Manager Survey.

"The new year sees asset allocators assigning more funds to equities than at any time since February 2011, while their confidence in the world’s economic outlook has reached its most positive level since April 2010," stated the report from BofA Merrill Lynch Global Research.

Global fund managers now have four times the amount of money allocated to equities compared to the beginning of 2012, stated John Bilton, a European investment strategist at BofA Merrill Lynch.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Julius Baer Gruppe AG61.54 CHF0.03Rating
The Western Union Co24.50 USD-0.08Rating

About Author

Alanna Petroff

Alanna Petroff  is a financial journalist with Morningstar UK.

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