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Positioning in banks, resources at 15 year-high: Wall Street sentiment gauge

Portfolio positioning in banks and resources are at their highest level in 15 years as a majority of investment stewards at the helm of more than US$500 billion expect growth, and inflation, according to a closely watched barometer of sentiment on Wall Street. The Bank of America SECURITIES (BofA SECURITIES) Fund Manager Survey (FMS) polled 216 investment managers at the…

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