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As Belief In Goldilocks Recovery Takes Hold
Belief in above-trend growth gathering momentum
Investors are demonstrating growing belief in a robust global recovery and have painted a picture of an ideal investment environment, according to the BofA Merrill Lynch Survey of Fund Managers for April. Belief in macro economic growth has intensified. The number of investors taking “above normal” risk in their portfolios is at its highest since January 2006, and investors are more bullish about the ability of companies to increase profitability. The number of respondents predicting “above trend growth and below trend inflation” has risen sharply to 32 percent from 21 percent in March, the highest reading since the question first appeared in February 2008. Fewer...
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