BofA Merrill Lynch just released the results of its July Fund Manager Survey, which surveys 238 fundies around the world responsible for a combined $643 billion in assets under management. One of the most striking results of the survey is how investor perceptions toward China can completely turn on a dime. "China is the biggest area of concern for investors," says BAML Chief Investment Strategist Michael Hartnett. "[The] number of investors expecting stronger China growth collapsed to a net -65%, a massive reversal from 67% in December 2012." All it takes is two quarters of slowing economic growth, and sentiment among fund managers toward China is now at the lowest level since January 2009,...
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