Updated Thursday, May 23, 2013 as of 1:59 AM ET
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Fund Managers View Year Ahead With 'Guarded Optimism'
Irene Park
According to The Global Survey of Investment and Economic Expectations, fund managers are "more optimistic" about the prospect for equity returns. However, they continue to view world growth and medium-term government bonds with hesitation, as they still expect a sovereign debt default in the Eurozone and fear weak fiscal situations in the U.S., U.K. and Japan.
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