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MULTIMEDIA
May 26, 2012
 
 
 
 
 
 

Survey finds optimism highest since 2003

21 August 2009 / TODAY'S ZAMAN WITH WIRES, İSTANBUL
Investor optimism about the global economy has increased to its highest level in six years as portfolio managers all around the world again begin placing their cash holdings into equity markets, a survey has shown.

The Fund Managers Survey conducted by Merrill Lynch, the marketing name for the global banking and global markets businesses of Bank of America Corporation, for August showed that a net 75 percent of survey respondents said the world economy would get stronger in the coming 12 months. This is the highest reading since November 2003. It was 63 percent in the same survey in July.

Confidence about corporate health is also at its highest since January 2004. A net 70 percent of the panel respondents expect global corporate profits to rise in the coming year, up from 51 percent last month. A total of 204 fund managers, managing $554 billion, participated in the global survey from Aug. 7 to Aug. 12 while 177 managers, managing $370 billion, participated in the regional surveys.

 
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