Posted by: youngragingbull | May 2, 2013

Global fund managers still keen on stocks: HSBC survey

A majority of global fund managers continued to favor equities as an asset class in the second quarter, although a growing number shifted their attention to bonds and cash, according to the findings of an HSBC survey released Thursday.

The survey showed 57% of money managers were still in favor of stocks, down from 75% in the first quarter. None held an underweight view on equities.

At the same time, 14% of the respondents turned overweight on bonds and cash, from none in the first quarter.

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