Britain is the least liked region for equity investors while the US is the most preferred, new research has found.
Bank of America Merrill Lynch said the UK endures the “worst sentiment of all regions” in its latest global fund managers’ survey. Germany and Spain are this month’s most favoured European destinations for investors, with a net positivity rating of 16 per cent.
With a net rating of -27 per cent, down from -19 per cent last month, British equities are the least favoured. Market concerns about the UK have increased as its approaching departure from the EU “stokes renewed uncertainty,” Bank of America said.
Just 11 per cent of fund managers expect a global recession next year. Optimism fell to its lowest level since