(Bloomberg) -- Optimism that global stocks will
climb has increased to a 16-month high in July as investors cast
aside concerns about the effects of rising credit-default risk,
a Merrill Lynch & Co. survey showed.
Confidence that economic growth will continue spurred money
managers to buy riskier assets, including emerging-market
shares, while they reduced holdings of bonds and cash, according
to 186 poll respondents, who together manage $618 billion.
Read more at Bloomberg Stocks News
climb has increased to a 16-month high in July as investors cast
aside concerns about the effects of rising credit-default risk,
a Merrill Lynch & Co. survey showed.
Confidence that economic growth will continue spurred money
managers to buy riskier assets, including emerging-market
shares, while they reduced holdings of bonds and cash, according
to 186 poll respondents, who together manage $618 billion.
Read more at Bloomberg Stocks News
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