US equities ditched at fastest rate ever
Bearish move prompted by worries over the global economy
Bearish move prompted by worries over the global economy
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Rising likelihood of ‘higher for longer’ rates could make income assets more appealing
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Managers have upped equity and lowered bond allocations at a record rate, according to the BofA October global fund manager survey
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BoA marks commodities as top contrarian move
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Since the new year, the cryptocurrency bitcoin has faced extreme volatility, and last week, it suffered further setback. But is this just a temporary blip or could this be the end for bitcoin?
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Bonds have hit their highest overvaluation levels for more than 14 years, according to a survey by Bank of America Merrill Lynch.
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Investors have upped their allocation to both equities and bonds in spite of a majority belief that equities are overvalued, a view not held since March 2004.
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We believe the opiate of investors for the moment remains central bank liquidity. The degree of stimulus since 2007 has been unprecedented: $13trn of FX reserve accumulation and financial asset purchases by central banks and 560 central bank rate cuts.
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Global fund managers’ risk appetite has reached a nine-year high as the ‘great rotation’ from bonds towards equities continues to gather pace, Bank of America Merrill Lynch (BofA ML) research shows.
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Bank of America Merrill Lynch (BofA ML) expects gold to reach $2,000/oz during 2013 on the back of continued monetary easing.
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The ‘great rotation’ out of bonds and into equities has started to get underway, the latest Bank of America Merrill Lynch (BofAML) Fund Manager Survey suggests.
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