Buy side ups defensive positions

Comments (0) | 13 Dec 2011 | Rating | Print by Tim Human

Most investors expect weaker growth next year and have cut exposure to cyclical stocks, reports survey of fund managers

Investors have increased their positions in defensive sectors as they brace for a year of slow growth in 2012, according to the latest global survey of fund managers by Bank of America Merrill Lynch (BofAML).

The 190 institutional investors who took part boosted their holdings of pharmaceutical and staples over ...

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