Fund Managers Pull Back from Brink

Fund Managers Pull Back from Brink

Buyside sentiment has stepped back from the brink of despair, but more than a third of investors want to see greater fiscal stimulus, according to Merrill Lynch’s latest global fund manager survey. “The net balance of investors who expect the global economy to worsen in the coming year has fallen to 36%, down from 60% in October. More than a quarter of respondents believe the economy will strengthen in 2009,” says the shop. “Cash levels average 5.5%, up from 5.1% in November, the highest level s

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