Investing in the US overtakes emerging markets, BAML says

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Investing in the US is more popular than emerging markets, according to the Bank of America Merrill Lynch (BAML) fund manager survey for May. As well as noting the rising interest in the US, which recorded a 22% overweight, the survey noted a retreat from investing in China. “The main point is that the global emerging markets conviction has fallen so, having been the most favoured region for several months,” says Gary Baker, head of European equity strategy research at BAML in London.

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