Allocation to real estate, alts hits five-year high
Global investors maintain their bullish stance and ignore warnings that risk assets may be vulnerable to a correction after a seven-month rally, finds BoA Merrill’s fund manager survey.
Investors remain staunchly optimistic despite signs that risk assets are vulnerable post-rally, with allocations to real estate and alternatives touching five-year highs and expectations for corporate profits surging.
Globally asset allocators are staying overweight equities (net +51%) and underweight bonds (net -47%) and cash, finds the Bank of America Merrill Lynch fund manager survey for February. Month-on-month changes in allocation were modest.
They are at their most bullis…
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