Investors gloomiest in a decade about world economy: BAML survey [Reuters]
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Source: Reuters
Investors gloomiest in a decade about world economy: BAML survey | Reuters 1 Min Read LONDON (Reuters) - Investor confidence has deteriorated further with more fund managers expecting global growth to weaken over the next 12 months, the worst outlook in a decade, Bank of America Merrill Lynch’s December investor survey showed on Tuesday. A net 53 percent of investors surveyed, who manage $694 billion in assets, said they expect a slowdown, the gloomiest outlook for the world economy in a decade, it said. The U.S. dollar replaced technology stocks known as FAANGs in the United States - Facebook, Apple, Amazon, Netflix and Google - and China’s BATs - Baidu, Alibaba and Tencent - as the most crowded trade for the first time since January, it found. Reporting by Josephine Mason, Editing by Helen Reid All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. Investors gloomiest in a decade about world eco
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