Investment: Investors see bond yields as the greatest risk
Government bond yields are at their highest levels in years. Global fund managers have recently become more cautious - but remain optimistic about stocks.
Global investors have become more cautious in recent times due to rising bond yields, according to a Bank of America survey. The risk appetite of international portfolio managers fell to its lowest level in three months in September. An disorderly increase in bond yields was seen as the biggest potential risk at the markets. The survey, which was conducted among portfolio managers with a total of $470 billion in assets under management from September 4-10, also showed that cash reserves increased to 3.9% from 3.5% in the previous month.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
