Fund managers shifting their equity focus away from Europe to US and Japan; European equity markets seen as “cheap” by one-third of polled managers
Mar 18th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Fund managers have recovered their bullishness towards equity markets but are shifting their focus away from Europe and into the US and Japan, according to the BofA Merrill Lynch Survey of Fund Managers for March. However, European equity markets are seen as “cheap” by almost one-third of polled managers. When questioned by Bank of America Merrill Lynch for their March Fund Manager Survey, almost 30% of respondents said European equity was undervalued - - the first time in a year that so many took this view of Europe.