Investors rush into bonds in record numbers as global economic outlook falls to worst in 10 years
- “This month’s survey [found] the biggest ever one-month rotation into the asset class” of bonds, Bank of America Merrill Lynch says.
- The monthly report is one of the most widely followed surveys of investors on Wall Street.
- Investors cited a trade war as the biggest concern for the seventh consecutive month.
Investors are fleeing stocks and buying bonds in record numbers amid the global sell-off in equities, according to a December survey of fund managers released on Tuesday.
“Investors are approaching extreme bearishness. … This month’s survey [found] the biggest ever one-month rotation into the asset class” of bonds, Bank of America Merrill Lynch said in the survey. The research report is one of the most widely followed surveys of investors on Wall Street.
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