The number of fund managers that believe equities are currently overvalued has reached a record high, according to research from Bank of America Merrill Lynch (BAML).
BAML's latest Global Fund Manager Survey, conducted between 2 and 8 June, saw 44% of managers taking a cautious stance on global equities, up from 37% in May, with 84% identifying the US as the most overvalued...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till