Investors still bullish on soft landing prospects despite fall in global growth expectations

BofA Global Fund Manager survey

Prospects of Fed rate cuts and a soft landing have bolstered optimism among investors, who continue to favour US over European equities, the latest Bank of America Global Fund Manager survey has found.

Despite agreement from 39% of investors that monetary policy is too restrictive, those surveyed remained optimistic that monetary easing will reach the soft landing ‘goldilocks zone'.  Faith that the most likely outcome for the global economy over the next 12 months will be a "no landing" reached a six-month low of 18%, while only 11% of investors saw a "hard landing". Janet Yellen sounds fears of US dollar being weakened by States' use of sanctions This is despite lower expectations for economic growth. According to the survey, more than half (53%) of those surveyed anticipate a w...