London: Investor outlooks have deteriorated to their most pessimistic in a decade, Bank of America Merrill Lynch’s December investor survey showed on Tuesday. Bond allocation rose 23 percentage points to a net 35% underweight, marking the highest bond allocation since the Brexit vote in June 2016, it showed. A net 39% of investors were underweight UK shares, the second-largest share on record as the approaching Brexit deadline stoked renewed uncertainty. Expectations for corporate profit is the worst in a decade, with a net 47% of investors expecting global profits will deteriorate in the next 12 months. A net 37% expect inflation to rise over the next year, down 33 percentage points from the previous poll and a reversal from the recent peak of 82% in April.

Source: Mint December 18, 2018 13:18 UTC