Bullish sentiment toward equities has shifted from Europe to America and Japan, according to a BoA Merrill Lynch fund manager survey.

The March 5-11 survey, which was headed by the Bank of America and Merrill Lynch’s research division, along with market research company TNS, recorded responses from a total of 207 fund managers for the global survey and roughly 165 managers for the regional questionnaire. The results found that U.S equities skyrocketed 18 percentage points to 19%, and Japan jumped 10 points. European equities, albeit its high 21% commitment, jumped only two points.

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