Global fund managers pessimistic over growth

The result of the latest monthly Merrill Lynch survey of fund managers paints a gloomy picture.Most global fund managers polled by Merrill Lynch expect the global economy to weaken over the next 12 months, most have a bearish outlook on corporate profits and most are showing no signs that their risk appetite will be improving any time soon. A net 51% of the global fund managers expect a weaker economy while a net 48% of them expect corporate earnings to decline. Those readings are at …