Inflation is now the top risk to markets, not Covid, shows BofA survey
Global institutional investors are well past worrying about the coronavirus pandemic. The latest survey of global fund managers by BofA Securities showed that for the first time since February 2020, covid-19 is no longer the biggest tail risk for the markets.
Higher-than-expected inflation is the top most concern, majority of the respondents said. A net 93% of fund managers expect higher inflation in the next 12 months, up 7% from the prior month’s survey, and an all-time high, said the survey report. That was followed by a tantrum in the bond market.
