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China Is a Growing Worry Among Fund Managers
Global investors are increasingly worried about a sharp slowdown in China, which has eclipsed the U.S. Federal Reserve’s cutbacks in its bond-buying as the biggest perceived threat to the global economy, according to a survey of fund managers by Bank of America-Merrill Lynch. Nearly half of those surveyed, or 46%, pointed to a hard landing for China’s economy, and an accompanying collapse in commodity prices, as the biggest risk. That’s up from up from 37% last month and 26% in December. The bank polled 222 fund managers who manage a total of $591 billion of assets. Their biggest worries throughout much of the ... (full story)
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