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Investor confidence in emerging markets and Japan is waning as money flows back into Europe, according to the Bank of America Merrill Lynch Fund Manager Survey.
Investor confidence overall rose in June despite a volatile market and a 2.5% fall in world equities over the survey period. A majority (56%) of global investors believe the world economy will strengthen over the coming year, up from 48% in May. Forty-eight percent of asset allocators are overweight equities, compared with 41% in May.
Joel Kranc is Director of KRANC COMMUNICATIONS in Toronto, focusing on business communications, content delivery and marketing strategies.
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