This positive outlook comes at a time when investors see the yen as weakening, despite the fact that the currency is close to fair value based on the IMF's definition of currency valuation. Four out of ten respondents to the global survey say that USDJPY rising to 100 is likely to happen before a U.S. debt downgrade, a Spanish bailout or gold breaking through $2,000 per ounce.Fund Manager SurveyAn overall total of 251 panelists with US$691 billion of assets under management participated in the survey from 1 February to 7 February. A total of 194 managers, managing US$555 billion, participated in the global survey. A total of 130 managers, managing US$270 billion, participated in the regional surveys. The survey was conducted by BofA Merrill Lynch Research with the help of market research company TNS. Through its international network in more than 50 countries, TNS provides market information services in over 80 countries to national and multi-national organizations. It is ranked as the fourth-largest market information group in the world.
BofA Merrill Lynch Fund Manager Survey Finds Strong Sentiment Consolidating While Equity Valuations Retain Support
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