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Fund managers rush into emerging stocks and cut cash

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Rare Green-Metals Discovery: US$2 Stock Set to Deliver Gains

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This Firm Got a Takeover Bid

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The survey of 299 fund managers, with a combined $847 billion in assets under management, found investors were still broadly cautious, but less so than been in recent months. Just 24% predict a recession compared to 77% who did in November, according to the survey conducted in the week to Feb. 9.


Investors are least pessimistic since February last year but still not optimistic enough to say positioning a sell catalyst, Bank of America's analysts said today.

They were discussing the result of BofA's February Global Fund Manager Survey (FMS), which was conducted between February 2nd and 9th. The survey was based on 299 panelists with $847 billion in AUM.


Read more here...






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