Investors are shifting to bonds more than stocks on a relative basis by the most since the Great Financial Crisis, according to Bank of America's global fund manager survey.according to Bloomberg
A global recession and credit crunch are the biggest risks to financial markets, participants said, along with sticky inflation that'll keep the Federal Reserve raising borrowing costs. BofA's survey, which polled 249 participants with $641 billion in assets under management, also found that managers were the most overweight defensive stocks versus cyclicals since October.
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