Bearish China outlook fuels global economic fears
Fund managers say a Chinese recession is their biggest tail-risk fear, according to a new survey. It comes amid declining optimism over the global economy and a sharp reduction in EM allocations.
A recession in China has become investors’ biggest economic fear, according to the latest survey of global and regional fund managers.
The prospect of a Chinese slump has dwarfed all other concerns following a summer of A-share market crashes and currency devaluation.
Emerging-market sentiment has suffered in tandem, with poll results showing that managers’ allocations have hit their lowest level for 14 years.
Bank of America Merrill Lynch yesterday released its monthly fund m…
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