A Bank of America Merrill Lynch survey of fund managers found investors are shifting away from equities to bonds as trade war concerns send recession risk to an eight-year high. Cargo containers in a port in Qingdao. Photo: AP

More than a third of investors expect a recession in 12 months, Bank of America Merrill Lynch survey finds

  • Findings represent the highest recession probability in eight years, bank says
  • Investors rotating out of equities, make highest allocation to bonds since September 2011, survey finds
Topic |   China economy

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A Bank of America Merrill Lynch survey of fund managers found investors are shifting away from equities to bonds as trade war concerns send recession risk to an eight-year high. Cargo containers in a port in Qingdao. Photo: AP
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