Fund managers' growth expectations falter amid coronavirus headlines - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

A new Bank of America survey shows large fund managers slashing growth expectations for the first time in months amid coronavirus fears

A trader from BGC, a global brokerage company in London's Canary Wharf financial centre reacts during trading June 24, 2016 after Britain voted to leave the European Union in the EU BREXIT referendum.Large-fund managers' growth expectations declined in February as coronavirus dragged down sentiment.

Fewer managers foresee promising global growth this month than did last month, the survey that was published Tuesday found. A net 18% of fund managers had positive growth expectations, versus 36% in January. That dip in sentiment comes from a deterioration in expectations surrounding Chinese growth, according to the survey, whose participants are mostly institutional, mutual, or investment or unit trusts.

Still, coronavirus is not the headline weighing most in fund managers' list of market risks. Instead, just as they did in, managers ranked the outcome of the 2020 presidential election as the biggest tail risk facing markets. The surveyed managers defined a risk as anything that would move an investment more than three standard deviations from its price.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jeff Bezos Pledges To Fight Climate Change With $10 Billion Earth Fund“Climate change is the biggest threat to our planet,” Bezos said. Tax him anyway. That’s wonderful news. love to see it
Source: Forbes - 🏆 394. / 53 Read more »

Yes, You Should Actually Start an Emergency Fund This YearAnd this is how to put money in it. .
Source: BuzzFeed - 🏆 730. / 51 Read more »

Coronavirus scare leads fund managers to slash China growth outlookInvestment professionals now see China's $12.2 trillion economy rising an average of just 5.2% over the next three years, according to the Bank of America Global Research Fund Manager Survey for February. No accident Tim Cook releases these numbers on a holiday so the cavalry can come to the rescue. Apple. 2nd Biggest economy in the world is not buying iphones. Apple is heading to $225. Apple TV Plus Joke
Source: CNBC - 🏆 12. / 72 Read more »

SoftBank Launches Second Vision Fund With $2.5 Billion Investment: ReportThe world’s biggest technology investor is struggling to attract investors for its second Vision Fund. Sir Saler gold jhtradebrazilgmail.com 179 country Frank africa +237679198712 Admola africa +234 810 535 9648 Gold Nto +256787326902 Odo africa +237 79 09 99 69 Mukesh ji Vanshika jewellers Uan number RJ17A0050147 ICICI bank Account number 677201028903 Ifsc code icici0006772
Source: Forbes - 🏆 394. / 53 Read more »

SoftBank spends $2.5 billion to get second Vision Fund off the ground: sourcesSoftBank Group Corp has pumped $2.5 billion of its own cash into new in...
Source: Reuters - 🏆 2. / 97 Read more »

Amazon's Jeff Bezos pledges $10 billion to launch Earth Fund for combating climate changeBezos's fund will pen grants to scientists, activists and other organizations in their efforts to 'preserve and protect the natural world.' 🖕🏻 is he talking about this ? 😀
Source: CNBC - 🏆 12. / 72 Read more »