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1.Market Observations, 2.Strategy, 8.Was Sticky

16 June 2017 (TheAge) – Record 44pc of fund managers say equities are overvalued: BoA Merrill Lynch

(16 June 2017, The Age, BusinessDay, p25, Myriam Robin)

‘A record 44 per cent of global fund managers believe sharemarkets, particularly those in the US, to be overvalued after years of overstimulative monetary policy, according to a monthly Bank of America Merrill Lynch survey. In the note, titled “Fed up with Bubbles”, three quarters of professional money managers polled said they believed the internet stocks that had driven Wall Street to record highs were either “expensive” or “bubble-like”.’

Read more at TheAge.com.au

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