No managers underweight equities, finds HSBC

A revival in risk appetite continues apace, with no fund managers underweight equities in the second quarter of this year, finds a global HSBC survey. Within that asset class, moreover, no managers are underweight Japan, Asia-Pacific ex-Japan, emerging markets, BRIC, Greater China and India. The most bullish equity readings are for Greater China (60% overweight), EM and North America (both 57%) and Asia-Pacific ex-Japan (50%). But while the equity overweights for western marke…