Amid a declining economic outlook, investor growth and profit expectations have hit an all-time low, according to the Bank of America global fund manager survey for July.
The closely watched BOA survey, which was released on July 19, polled 259 investors overseeing $722 billion in assets. The survey saw risk assets falling to levels not seen since the 2008 global financial crisis, due to a massive drop in optimism.
About 58 percent of fund managers said they are taking lower than normal risks at this time.
Negative outlooks on future corporate earnings have reached 90 percent, amid a feeling that while inflation is expected to come down, stagflation will persist for the time being….