Emerging markets most popular trade for first time in BAML survey By Reuters

0
7
© Reuters. A view shows a Russian one rouble coin in this picture illustration


© Reuters. A view shows a Russian one rouble coin in this picture illustration

TedsWoodworking Plans and Projects

LONDON (Reuters) – Fund managers named emerging markets as the most crowded trade for the first time, ahead of the U.S. dollar and technology stocks, according to Bank of America (NYSE:) Merrill Lynch’s February survey released on Tuesday.

Investors have piled into emerging market assets this year amid growing worries about rising corporate debt, falling inflation and weaker global economic growth. BAML did not specify whether the trade referred to bonds, equities or both.

Trade war topped the list of biggest tail risks for the ninth straight month, followed by a slowdown in China, the world’s No. 2 economy, and a corporate credit crunch.

The bank said the survey did not show any improvement in investor sentiment, with global equity allocations last month falling to their lowest levels since September 2016.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here