Nearly everyone, from London gamblers to US money managers got it wrong. Britain's vote to leave the European Union shocked pundits, investors and politicians alike, underscoring the inherent difficulty of forecasting such rare events.
Middle East fund managers are reducing their cash holdings and building back long positions in equities and fixed income because of signs that markets have bottomed out, a monthly Reuters poll shows.
During the previous six months
Many Middle East fund managers expect to start rebuilding their regional equities holdings in the next few months and have become less bearish towards bonds, a monthly Reuters survey shows.
The survey of 14 leading fund managers,
Middle East fund managers have turned more positive towards equities in the region after a plunge in markets reduced valuations and oil prices rebounded, a monthly Reuters survey shows.
The survey of 15 leading investment firms, c
Investors worldwide see growing overvaluations in both bonds and equities and have signalled concern about a valuation bubble forming, a report said.
The proportion of global investors saying equity markets are overvalued has reac
Investor confidence in global economic growth remains high even as expectations of higher short-term rates increase, a report said.
The number of investors believing the global economy will grow over the next 12 months was steady
A slowdown in China has hit its financial markets hard this year as fund managers cut exposure to the world's second largest economy, but some investors say it may be time to jump back in.
The country's downturn is being f
Bahrain attracted $5.5 billion in orders for its $1.25 billion 10-year bond, banking and fund management sources said on Wednesday.
The bond was earlier launched at a spread of 200 basis points over mid-swaps. Lead manag
Despite improving economic indicators, majority of the senior fund managers believe the financial crisis is still not over, said a recent global survey conducted by FTI Consulting, a business advisory firm.
The survey was carried out by th
Investors are at their most optimistic about the global economy since December 2005, according to the Merrill Lynch survey of fund managers for March.
For the first time in more than three years, investors do not predict lower global econo