Risk is back on again (reluctantly)

Investors return to emerging markets equities as cash, bonds and developed markets refuse to offer adequate, inflation-beating returns

Investors have piled back into emerging markets and increased their risk appetites, over fears for global growth and continued low interest rates in the US, according to a survey published today.

Taking into account market sentiment from managers with a combined $566bn under management, a net 22% of investors were overweight in emerging markets, up from a neutral position across the industry in March, according to the monthly Bank of America Merrill Lynch fund manager survey.

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