Survey: Investors are the most bullish since before credit crisis

01/19/2010 | Financial Times (tiered subscription model)

The most recent Bank of America Merrill Lynch survey of fund managers shows that investors' risk appetite is growing. The survey found that investors are moving cash reserves into the equity market and that fewer investors are protecting themselves against a decline in benchmark indexes. "This survey is one of the more bullish we have seen and suggests that investors buy into the idea that this recovery has legs," said Gary Baker, head of European equity strategy at Merrill Lynch.

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