BOA: Investors Dump Defensives And Rush To Banks

Bank of America Merrill Lynch’s regular fund manager survey always contains some interesting insights about current trends in the fund management industry. November’s survey is no different. Conducted between 9 November and 14 November, after the US election results were known, 177 institutional clients working with the bank managing a total of $465 billion of assets under management, gave their views about the current state of the markets, what risk events they are worried about and how they are investing today . The stand out revelation from the responses is that the results of the election have sparked a rotation…