This appetite for risk is also reflected in investors’ preferred sectors – Tech, Industrials and Banks top their overweight lists while Utilities, Staples and Telecoms languish in underweight territory.Fund Manager SurveyAn overall total of 234 panelists with US$653 billion of assets under management participated in the survey from 10 January to 16 January 2014. A total of 185 managers, managing US$524 billion, participated in the global survey. A total of 115 managers, managing US$248 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 Ongoing Rise In Optimism For 2014 Growth
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