INSUBCONTINENT EXCLUSIVE:
By Ksenia GalouchkoAfter sitting on the sidelines for most of the year, investors are now rushing to the equity market, afraid of missing
out on the brisk rally amid increased optimism about global growth, according to a survey of fund managers by Bank of America
Corp.
Expectations for a worldwide economic recovery surged by a record amount at the start of November compared to October, according to
responses from participants that oversee a total of $574 billion
to a record high and global equities rallied over the past few weeks as optimism that the United States -China trade talks are progressing
as bonds and turned to value shares, banking and euro-area equities.
The survey also showed that allocation to U.K
underweight in the October poll.
Equities are seen as poised for the best performance among major asset classes in 2020, followed by
commodities and cash, according to the survey
markets around the world rallied this year, many traders stuck to cash or invested in safe and defensive sectors amid concerns that the end
The mood changed in October as the United States -China tariff negotiations went ahead, with the likes of Goldman Sachs Private Wealth
Management saying that equities are the best source of future returns.
In contrast to the powerful appetite for equities seen in the latest
survey, bonds fell out of favor, with investor allocation to fixed income falling to a November 2018 low, with 47% underweight.
The survey
7 and 178 participants responded to the global poll.
