Global flows return to EMs amid euro fears
Worries over the eurozone trump concerns about inflation as global investors adjust their allocations back to emerging-market equities, finds BoA Merrill Lynch survey.
The biggest tail risk for global investors is eurozone sovereign debt funding, which has displaced commodity price inflation as investors’ main preoccupation, according to a survey conducted by Bank of America Merrill Lynch of 285 investors managing a combined $814 billion.
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