Global FMs universally bullish on North American equities
HSBC’s latest quarterly fund manager survey shows a significant change in investor confidence, with all respondents bullish on equities and none on bonds and cash.
One hundred percent of respondents are taking an overweight view towards North American equities in the first quarter of this year, according to the latest HSBC fund managers’ survey.
Meanwhile, 38% said they were overweight towards Japan, although the survey was carried out before the 9.0 earthquake struck off Japan’s east coast on March 11, triggering a tsunami.
But overall the survey showed a significant change in investor confidence, with all respondents bullish on equities …
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