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Economic and Industry Outlooks

2/17/15 8:30 am EST

Global investors are significantly more positive on the outlook for Europe after the European Central Bank’s announcement of quantitative easing to reflate the region’s economy, according to the BofA Merrill Lynch Fund Manager Survey for February.

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1/20/15 8:30 am EST

Global investors have put some of their cash to work in spite of a more downbeat assessment of global growth and corporate profits, according to the BofA Merrill Lynch Fund Manager Survey for January.

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12/16/14 8:30 am EST

Global investors are keeping faith with equities while raising cash as markets enter the volatile year-end period, according to the BofA Merrill Lynch Fund Manager Survey for December.

Asset allocators have hiked their cash holdings to an average 5 percent. Moreover, a net 28 percent are now overweight relative to their benchmarks. This is the survey’s highest reading on this measure since June 2012.

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12/9/14 11:30 am EST

BofA Merrill Lynch Global Research today released its outlook for the markets in 2015, forecasting that the bull market in global equities will continue next year but returns will slow to single-digit rates. Strong fundamentals and healthy growth in the U.S. economy support a case for investor optimism and opportunism; however, in the lower-return, higher-volatility environment projected ahead, selective allocation and defensive portfolio moves more...

12/8/14 4:00 pm EST

CFOs believe the U.S. economy is at its highest level since the 2008 recession and anticipate growth in their sales, workforce and companies in 2015, according to the Bank of America Merrill Lynch 2015 CFO Outlook survey results released today.

In the survey of 603 financial executives with annual revenues ranging from $25 million to $2 billion, a majority of CFOs report the outlook for their companies as increasingly positive. more...

11/18/14 8:30 am EST

Global investors have a restored appetite for risk amid greater optimism over the outlook for profits and the economy, according to the BofA Merrill Lynch Fund Manager Survey for November.

A net 47 percent of the global panel expects the economy to strengthen in the year ahead, a rise from a net 33 percent in October. Investors have expressed similar positivity over profits – a net 42 percent say that global corporate profits will more...

11/3/14 9:00 am EST

BofA Merrill Lynch Global Research announced the October 30 launch of the BofA Merrill Lynch Green Bond Index (ticker GREN). The index is designed to track the performance of debt issued by quasi-governments and corporations where the proceeds of the issue are to be used solely for projects and activities that promote climate or other environmental sustainability purposes.

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10/14/14 8:30 am EDT

Concerns over the imminent end of quantitative easing in the U.S. have left investors much less confident in the outlook for the global economy and corporate profitability, according to the BofA Merrill Lynch Fund Manager Survey for October.

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9/16/14 8:30 am EDT

Sentiment towards Europe has picked up in the wake of recent monetary policy easing by the ECB, while investors are increasingly sure of a rate hike by the Fed in spring 2015, according to the BofA Merrill Lynch Fund Manager Survey for September.

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7/15/14 8:30 am EDT

Global investors have regained a strongly bullish stance on the outlook for equity markets in the second half of 2014, according to the BofA Merrill Lynch Fund Manager Survey for July.

A net 61 percent of global asset allocators are now overweight equities. This ranks as the survey’s highest reading on this measure since early 2011 and represents the panel’s second-strongest response ever.

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6/17/14 8:30 am EDT

Global investors have regained appetite for risk against the backdrop of strong liquidity and a fairly positive economic outlook, according to the BofA Merrill Lynch Fund Manager Survey for June.

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5/13/14 8:30 am EDT

Global investors have increased cash and scaled back risk-taking, amid fears of geopolitical instability and questions about the strength of the global economic recovery, according to the BofA Merrill Lynch Fund Manager Survey for May.

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4/15/14 8:30 am EDT

Investor confidence in global economic growth remains high even as expectations of higher short-term rates increase, according to the BofA Merrill Lynch Fund Manager Survey for April.

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3/18/14 8:30 am EDT

Global investors are moving toward a ”risk-off” stance, taking on greater protection as the prospect of geopolitical instability grows, according to the BofA Merrill Lynch Fund Manager Survey for March.

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2/18/14 9:30 am EST

Growing fears of a hard landing for China’s economy have further marginalized emerging market equities. But investors have sent a clear signal that sentiment toward developed world equities remains strong, according to the BofA Merrill Lynch Fund Manager Survey for February.

A growing proportion of investors – 46 percent in February – say that a China hard landing and commodity collapse represents the biggest tail risk to the global more...

1/21/14 9:30 am EST

Investors start 2014 more optimistic about global growth prospects, especially for the U.S. but increasingly for Europe as well, according to the BofA Merrill Lynch Fund Manager Survey for January.

The proportion of investors who believe the global economy will strengthen this year has risen to a net 75 percent from a net 71 percent in December, continuing a trend of rising optimism that started in late 2012.

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12/17/13 8:53 am EST

Investors enter 2014 optimistic about the global economy and outlook for Japanese and European equities, according to the BofA Merrill Lynch Fund Manager Survey for December.

The proportion of investors believing the global economy will strengthen in the year ahead has risen to a net 71 percent from a net 67 percent in November. Conviction in the global economy is far stronger than 12 months ago when a net 40 percent of the panel more...

12/12/13 10:00 am EST

For the third straight year, Bank of America Merrill Lynch was named Institutional Investor magazine’s “Top Global Research Firm of 2013.” This was achieved by BofA Merrill Lynch Global Research winning 257 total team positions – more than any other firm and 21 more than last year – in the 12 Institutional Investor research team surveys published this year.

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12/10/13 11:30 am EST

BofA Merrill Lynch Global Research today released its outlook for the markets in 2014, calling for strong U.S.-led economic growth, higher yields and solid U.S. stock gains that are lower than in 2013 but higher than consensus. Meanwhile, a rising U.S. dollar and rising rates, as well as rising rate volatility, will have consequences for markets around the world as credit cycles diverge.

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12/10/13 10:00 am EST

CFOs are more optimistic about U.S. economic growth than they were a year ago and expect their companies’ sales to increase in 2014, with growth coming from doing more business with current customers and winning new customers, according to the Bank of America Merrill Lynch 2014 CFO Outlook survey. Nine out of 10 CFOs said they expect their companies to increase or maintain the size of their workforce next year.

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11/12/13 9:30 am EST

Investors have regained confidence in the global economic outlook following resolution of the U.S. debt crisis, according to the BofA Merrill Lynch Fund Manager Survey for November. With political paralysis in Washington overcome, a net 67 percent of respondents now expect the world’s economy to strengthen over the next 12 months – up a notable 13 percentage points from October.

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10/30/13 11:15 am EDT

BofA Merrill Lynch Global Research (NYSE: BAC) today announced the launch of four emerging markets local currency bond indices, the first of their kind, designed to track the performance of local currency non-sovereign emerging markets fixed rate debt. Development of these new indices has been driven by the growth of interest in this market segment following the rapid increase in local currency sovereign and external corporate debt markets. more...

10/17/13 8:30 am EDT

Investor optimism over the global economic recovery and corporate profits has been dented as the tail risk associated with the U.S. economy has escalated, though sentiment towards Europe has improved, according to the BofA Merrill Lynch Fund Manager Survey for October.

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9/17/13 8:30 am EDT

Investor bullishness towards European equities has reached pre-crisis highs as markets digest the emerging market sell-off, according to the BofA Merrill Lynch Fund Manager Survey for September.

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8/13/13 8:30 am EDT

Global investors have become significantly more confident in the outlook for growth, according to the BofA Merrill Lynch Fund Manager Survey for August. A net 72 percent of respondents now expect the world’s economy to pick up over the next 12 months – the survey’s strongest reading on this measure in nearly four years and a striking rise from July’s net 52 percent.

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