Asia-Pacific investors have grown more bullish on China and Taiwan, says Bank of America Merrill Lynch, while EPFR data shows strong fund flows to Japan and global emerging markets.
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Overall, asset managers are increasingly bullish on emerging markets, but more negative on Japan and the US, according to Bank of America Merrill Lynch's fund manager survey.
In fact, asset managers are as bearish as they have been since early 2009 on several counts, according to Bank of America Merrill Lynch's June fund manager survey.