Institutional investors are warming to a market many now see as priced right, and an economy that they believe will be revived by corporate spending, even if unemployment fears keep consumers from opening their wallets.

According to Russell Research’s latest Investment Manager Outlook survey, which polled 180 fund managers in March, at 60%, a slim majority of fund managers now believe the market is fairly valued. Around the same proportion of managers, 57%, believed the market was undervalued a year ago, a bullish segment that has now dropped to 28%.

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