A mass dash out of equities and into cash has come as the IMF unveils bleak economic projections for what it says could be the worst downturn since the Great Depression.
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Falling interest rates should be good news for India's prospective new asset class – infrastructure investment trusts – as long as issuers price the first few deals to perform.
Global investors have the most cash on their books in 15 years and are overweight emerging-market equities while ditching Japanese and European ones.
Amid the drama of China's attempts at managed depreciation of the renminbi, other Asian currencies are also expected to slide against the dollar this year – except India's.
Meanwhile, sentiment stays near record lows for emerging markets, as China attracts more flows but India falls out of favour, finds Bank of America Merrill Lynch’s fund manager survey.
Fund managers' greatest fear is geopolitical crisis followed by debt defaults in China, while sentiment towards emerging markets as a whole has plunged, finds a buy-side survey.
PineBridge hires ex-Pimco Asia head; BAML boosts Japan research; Pindan Capital shuffles team; CBRE appoints Europe hotels head; and Milbank recruits partner from Allen & Overy.
China, India and Japan are popular right now, while Hong Kong, Australia and Singapore are out of favour, according to Bank of America Merrill Lynch's monthly fund manager survey.
Expectations of global growth and inflation have reached two-year lows, with sentiment on China also sinking, finds Bank of America-Merrill Lynch's October survey of fund managers.
Expectations of Chinese and European growth are waning amid worries over US stimulus being scaled back, according to Bank of America-Merrill Lynch's September fund manager survey.
Global fund managers move to overweight the nation amid expectations of economic improvement, while investors' love affair with Europe comes to an end, finds a monthly BoA-Merrill Lynch survey.
China has swung back into favour and sentiment has warmed on Japan, but investors have shifted out of Indonesia, finds Bank of America-Merrill Lynch’s fund manager survey.
