With growth and inflation expectations notably higher after new US payroll data, investors have cut cash holdings and increased exposure to equities, real estate and alternative investments. Confidence in the global economy also rebounded, up 22 percentage points from October.
BofA Merrill: Managers increasingly doubtful of 2015 rate hike
October 22, 2015 by
“As investors debate the timing of a rate hike, they should be anticipating a massive policy shift in the US, Europe and Japan from QE to fiscal stimulus in 2016,” said Michael Hartnett.
