Allocators Scale Back in Commodities and Emerging Market Stocks
Investors are positioning themselves for slower growth in China and
prolonged low inflation – sending commodities allocations to a four-year
low, according to the BofA Merrill Lynch Fund Manager Survey for May.
A quarter of the respondents to May’s survey say that a hard landing in
China and a commodity collapse is their number one “tail risk”, an
increase from 18 percent in April. A net 8 percent of fund managers in
Implementing Lessons Learned During the Recession, Mass Affluent Saving for Retirement and Paying Down Debt Before Other Expenses
As Americans continue to regain confidence following the economic
downturn, Bank of America’s latest Merrill Edge Report is showing that mass
affluent investors are buckling down, making retirement a greater
priority and cutting debt in favor of long-term investments.
The Spring 2013 Merrill Edge
Report, a semi-annual study of the financial concerns and priorities
of the mass affluent (consumers with $50,000-$250,000 in investablemore...
Bank of America Corporation today announced the voting results of
matters considered during the company’s annual meeting of shareholders
Shareholders elected all 13 of the company’s board of director nominees,
approved a management advisory proposal on compensation of named
executive officers and ratified the appointment of the company’s
independent accounting firm. None of the shareholder proposals were