{"id":44195,"date":"2015-08-20T01:10:00","date_gmt":"2015-08-19T23:10:00","guid":{"rendered":"http:\/\/beta.next-finance.net\/note\/bofa-merrill-lynch-fund-manager-survey-finds-weakening-outlook-for-global-economy-amid-fears-over-china\/"},"modified":"2015-08-20T01:10:00","modified_gmt":"2015-08-19T23:10:00","slug":"bofa-merrill-lynch-fund-manager-survey-finds-weakening-outlook-for-global-economy-amid-fears-over-china","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/note\/bofa-merrill-lynch-fund-manager-survey-finds-weakening-outlook-for-global-economy-amid-fears-over-china\/","title":{"rendered":"BofA Merrill Lynch Fund Manager Survey Finds Weakening Outlook for Global Economy Amid Fears Over China"},"content":{"rendered":"<p>Global investors have shifted their attention from Greece to China amid continued concern of a Chinese recession, according to the BofA Merrill Lynch Fund Manager Survey for August. Respondents are scaling back their expectations for economic growth.<\/p>\n<ul>\n<li> China recession is now rated the number one \u201ctail risk\u201d by 52 percent of panel.<\/li>\n<\/ul>\n<ul>\n<li> Fifty-three percent of investors say the global economy will strengthen in coming year, down from 61 percent in July.<\/li>\n<\/ul>\n<blockquote><p>The survey reports the lowest allocations to emerging markets equities since April 2001 and to the Energy sector since February 2002.<\/p><\/blockquote>\n<ul>\n<li> More investors say Global Emerging Markets is the region they most want to underweight; Europe is the region they most want to overweight.<\/li>\n<\/ul>\n<ul>\n<li> The survey notes a rising consensus that the Fed will raise rates in third quarter; the majority of panel now expects the yield curve to flatten in next 12 months.<\/li>\n<\/ul>\n<blockquote><p> An anti-commodities stance is evident with moves out of Energy and Materials while defensive weightings increase.<\/p><\/blockquote>\n<p><em>\u201cInvestors are sending a clear message that they are positioned for lower growth in China and emerging markets,\u201d<\/em> said Michael Hartnett, chief investment strategist at BofA Merrill Lynch Global Research.<\/p>\n<p><em>\u201cEuropean stocks remain in favour \u2013 but investors like domestically focused names and are avoiding anything exposed to China or commodities,\u201d<\/em> said James Barty, head of European equity strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global investors have shifted their attention from Greece to China amid continued concern of a Chinese recession, according to the BofA Merrill Lynch Fund Manager Survey for August. Respondents are scaling back their expectations for economic growth.<\/p>\n","protected":false},"author":20,"featured_media":44193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1481],"tags":[1809,1655,1657,1651,1437,1724,2068],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/44195"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=44195"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/44195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/44193"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=44195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=44195"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=44195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}