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Investors see equity bubble
MORE fund managers are convinced that equities are overvalued than at any point in nearly 15 years, according to a survey yesterday.
Bank of America Merrill Lynch’s latest poll of major investors showed the largest majority since the year 2000 now feel that global stocks were overvalued.
Despite this, a net balance of 61 per cent of fund managers say that they are overweight equities, the most positive outlook on share prices since 2011.