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Fund managers rush to emerging stocks: BofA survey of global investors

The survey of 299 fund managers, with a combined $847 billion in assets under management, found investors were still broadly cautious, but less so than in recent months

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Investors turned more optimistic about the global economy in February, flocking to emerging market stocks and cutting their cash holdings to levels last seen since before the war in Ukraine, a BofA survey of global investors showed.

The survey of 299 fund managers, with a combined $847 billion in assets under management, found investors were still broadly cautious, but less so than in recent months. 

Only 24 per cent predict a recession compared to 77 per cent who did in November, according to the survey conducted in the week to February 9.

Investors remain net overweight cash and underweight equities, but a combined

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First Published: Feb 15 2023 | 10:32 PM IST

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