Professional Fund Manager Bullishness Is Surging To Historic Levels
Jan 15, 2013, 17:59 IST
BofA analyst Michael Hartnett is out with his latest survey of global fund managers.
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The biggest take away? Pro investors are BULLISH.
As this chart shows, risk appetite (as measured by the share of fund managers who are bullish) is surging to multi-year highs.
And the flipside. The amount that pro fund managers are holding in cash is dropping to historic lows.
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Meanwhile, it's interesting to note that we're hitting these levels at the same time as retail investors are finally flooding back into stock funds.