Skip to comments.Fund managers turn bearish on Japan: BoA Merrill Lynch survey
Posted on 06/20/2013 8:51:06 PM PDT by TexGrill
LONDON According to the survey, a net 21 percent of asset allocators are worried about the possible failure of Abenomics, while a net 31 percent expect the Chinese economy to slow down.
Everything that we are seeing for the survey is that positions have lowered for Japanese equities after eight months of rising, said Manish Kabra, a European equities strategist at BoA Merrill Lynch Global Research.
The proportion of asset allocators overweighing Japanese equities fell to a net 17 percent from a net 31 percent in May, a seven-year high, and that of investors viewing Japan as the region they most want overweight dropped to a net 16 percent from 25 percent, the survey showed.
The Abenomics fear interrupted the strong run in Japanese equities, the report said.
(Excerpt) Read more at japantimes.co.jp ...
hunh, what timing.
Uhh... So that means 79% think Abenomics will work or at least won’t make things worse, while 69% think the Chinese economy will get better or won’t get worse.
Any agenda in this article?