Inflation overtakes Covid as key fund manager concern

Investors across the world are becoming increasingly positive about the outlook for the global economy and see Covid-19 subsiding as a global concern, with inflation instead rising to the uppermost of their worries, according to the latest monthly BoA Global Fund Manager Survey*. The anticipation of a strong economic recovery among respondents stood at historic highs, with 91% of respondents expecting a stronger recovery, and 48% anticipating a V-shaped recovery (versus about 40% …