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Global investors increasingly are turning to U.S. and emerging market equities as Europe’s economy continues to falter.

According to the BofA Merrill Lynch Survey of Fund Managers for November, investors have slightly increased their exposure to equities since October’s survey. Five percent of the panel is underweight equities, down from 7 percent a month ago, and the number of investors who are overweight in U.S. equities rose sharply to 20 percent from 6 percent in October.

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