End Of An Era: COVID No Longer Fund Managers’ Biggest Fear

End Of An Era: COVID No Longer Fund Managers’ Biggest Fear
Andrew Rummer

almost 3 years ago1 min

Mentioned in story

In another sign that life is returning to normal following the pandemic, coronavirus has dropped off the top spot in a monthly survey of fund managers’ biggest worries. 

Faster than expected inflation – and a related “tantrum” from investors dumping bonds in anticipation of inflation – are now the biggest concerns cited in BofA Merrill Lynch’s regular survey of sentiment. 

COVID-related worries had topped the list of “tail risks” for 11 straight months. Before that, the US election was briefly the largest concern, preceded by the US-China trade war – all the way back to 2018. Remember that? 

Overall, the survey paints a very optimistic picture, with 91% of respondents predicting a stronger economy over the next year and 89% predicting increased profits at global companies – both record levels. 

Perhaps inflation has crept to the top of the list as there’s nothing else to worry about?

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