Fund managers are bullish on the prospects for equities and emerging markets in 2011, but have bearish views on government bonds, a survey of 141 fund managers at the end of 2010 by Towers Watson found.

The managers expect the economy to grow in the coming year and to avoid a double dip recession due to low central bank rates and mild inflation. While they see unemployment as a major challenge for developed economies, they do expect it to improve in the coming year.

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