The coronavirus pandemic is no longer the biggest tail risk in the eyes of fund managers, with the potential for an inflationary spike leading concerns in the latest fund manager survey from Bank of America (BofA).
BofA's March survey shows that for the first time since February 2020 the pandemic is not managers' number one tail risk concern, having been surpassed by inflation and taper tantrums, which were identified as the biggest risk by 37% and 35% of respondents respectively. Bank of America: Inflation undershoots likely to continue Higher inflation in the next 12 months is expected by 93% of fund managers, representing a 7% month-on-month increase to an all-time high. However, fund manager sentiment was found to be "unambiguously bullish", with 91% of respondents expecting a stronger ...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes