for this asset class increased to 50 percent in the most recent survey.
We believe the surge in manager bullishness
for fixed income represents a flight to safety and that managers fundamentally believe that the bigger opportunity still lies in the equity markets," said Lert.
At 57 percent, bullishness
declined seven percentage points from 64 percent last quarter, and is off 18 percentage points from a year ago.
on financial services rose slightly from 30 percent to 32 percent but still represents a dramatic fall from 46 percent bullishness
one year ago.
large cap growth remains the managers' favorite asset class at 67 percent, manager bullishness
It ended lower in the morning but later picked up, benefiting from the bullishness
, brokers said.
Autos and transportation (26 percent bullishness
, up 12 percentage points from March 2009).
Technology ranked as the sector garnering the most manager bullishness
for the fourth consecutive quarter, rising four percentage points from its previous all-time high last quarter to 82 percent.
for cash fell from 9 percent to 6 percent from the last Investment Manager Outlook and reached a new all-time survey low.
investment managers conducted by Russell Investments, reveal that professional investment managers have dialed down their bullishness
from last quarter, particularly in the areas of emerging markets and corporate bonds.
In the latest survey, managers' asset class preferences echo this fear in the increased bullishness
for more defensive, risk-minded areas.
The main drivers for the long term bullishness
for the regional markets is the young and growing population, and the demand that arises from the population growth, said Gadir Abu Leil-Cooper, head of EMEA equities, Baring Asset Management.