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Investors cautious despite fall in eurozone fears

19 October 2011

Despite being less concerned about EU sovereign debt funding investors are still applying caution, according to BAML

Read more: BAML asset allocation eurozone risk-off

Investors are still being cautious and remain in the sidelines as the majority expect Greece to default in the first quarter of 2012, according to the Bank of America Merrill Lynch fund manager survey for October.

Seven out of 10 respondents to the survey said Greece will default on its debt by April 2012, yet EU sovereign debt funding was less of a...