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Managers worldwide say they are losing confidence in equities, buying bonds

January 12, 1998: 1:48 p.m. ET

Mutual Funds Guide More related sites... LONDON (Reuters) - Fund managers worldwide are increasingly pessimistic about economic and corporate earnings growth, according to investment bank Merrill Lynch's monthly Gallup Global Survey released on Monday. [INLINE] "Managers are downgrading their forecasts for earnings per share and at the same time this bearishness for equities makes them want to buy bonds," Merrill Lynch global strategist Bijal Shah told Reuters Financial Television. "They are saying this weakness in activity means that inflation is not going to pick up and bond prices should rise."

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