More than half of investors believe the global economy will improve in the year ahead, according to BofA Merrill Lynch’s February Fund Manager Survey. February marks the fourth month in a row of surging investor sentiment.
Thirty-nine percent of the panel said profits worldwide will improve in the coming 12 months, up from a net 29 percent in January. Forty-eight percent of investors said higher capital expenditures is the best use of corporate cash. This was the highest reading since April 2011.