The sovereign debt crisis coupled with persistently high unemployment rates in the United States and continued fears over the 2008 financial meltdown has rocked investor confidence, so much so that investor mood has completely turned around in the past month.

According to the Bank of America Merrill Lynch Survey of Fund Managers for July, which was released on Tuesday, 12% of respondents expected the global economy to deteriorate in the next year, compared with June’s results when 24% forecast the economy to strengthen. July’s results were the first negative forecast since February 2009.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access