Investors Are Exuberantly Bullish on Europe After Promise of ECB Action

BofA Merrill Lynch Survey

Date:

Investors Are Exuberantly Bullish on Europe After Promise of ECB Action

Autor: Alicia Miguel

A record net 51 percent make the region their top pick in equities over a one-year horizon, up from January’s net 18 percent

Fund managers have increased their allocations both to stocks (a net 57 percent overweight, up six points month-on-month) and cash (a net 22 percent overweight, a five-point rise). This is at the expense of bonds

A potential geopolitical crisis is now clearly respondents’ major tail risk. One in three identifies it as their major concern

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