BoA ML Fund Manager Survey

The Bank of America Merrill Lynch survey of fund managers provides a good guide to what fund managers have been thinking, but not necessarily what they are doing right now – as it covers the previous month.

The April 2012 Fund Manager Survey reveals cautious investor sentiment. Correction may be over, but significant upside requires stronger growth or fresh policy stimulus (55-60% of investors expect new Fed and ECB QE, a rise from March), with the consensus expecting low growth. China growth expectations rose to their highest level since Nov’10, but global growth expectations dipped and only 9% expect “above-trend” growth this year.

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