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Fund managers see China slowdown
14 May 2013
Reductions in allocations to commodities, emerging market stocks, eurozone equities, says BAML's fund manager survey
Slower growth in China, prolonged low inflation and a concomitant drop in commodities allocations, and the shunning of deep value segments in Europe are the main highlights of The Bank of America Merrill Lynch Fund Manager Survey for May.
Although composite global growth indicators remained unchanged over the month, there are inherent divergent trends. For instance, growth expectations for China turned negative for the first time in 14 months, with a quarter of respondents stating that a hard landing in China and a commodity collapse are their main tail risk, an increase from...
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