Fund managers scale back economic recovery hopes; Re-evaluation of EU and China risk; Pullback from European bank shares
Feb 17th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Fund managers are positioning themselves for halts in both Europe and China's economic recovery, according to the Bank of America Merrill Lynch Survey of Fund Managers for February. The popularity rating of European banks dropped from 16 per cent in January to minus 53 per cent in February, the biggest monthly fall in the survey's nine-year history.