BoA Merrill funds survey reveals waning confidence in China, Eurozone

19 May 2010 | 4 minutes read

Investors are piling into the US markets on Eurozone worries, according to the BoA Merrill Lynch Survey of Fund Managers for May. The survey, conducted from May 7–13, shows how global investors are buying US equities and retaining confidence in the US dollar. The survey’s risk indicator experienced its largest one-month fall since 2003. Average cash balances rose to 4.3%…

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