43% of Investors Expect European, U.S. Stocks to Perform in Line: BofA Survey
Dow Jones
Yesterday
1046 GMT - More than four in 10 fund managers expect European and U.S. equities to perform in line with each other over the next year, according to a Bank of America survey. A net 5% of investors globally have underweight ratings for Europe, while 8% expect to put the region on underweight over the next year. BofA says a net 39% of respondents expect stronger growth over the 12 months, while a quarter foresee near-term economic acceleration. It adds that a net 39% of fund managers surveyed anticipate market gains in the months ahead.
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