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BOA Merrill Lynch Fund Managers Survey

FYI: Global investors have significantly pared back U.S. equity allocations as belief grows that the U.S. Federal Reserve will raise rates in the second quarter, according to the BofA Merrill Lynch Fund Manager Survey for March.

A net 19 percent of global asset allocators are now underweight U.S. equities – the biggest underweight since January 2008 and a big swing from a net 6 percent overweight in February. The proportion of investors saying U.S. equities are overvalued has reached its highest since May 2000 at a net 23 percent
Regards,
Ted
http://www.marketwatch.com/story/bofa-merrill-lynch-fund-manager-survey-finds-investors-migrating-out-of-us-equities-amid-expectations-of-fed-rate-hike-2015-03-17/print
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