InvestmentNews reports that global fund managers expect the global economy to grow at around 2% over the next 12 months, the highest growth projections in almost two years, according to the latest Bank of America Merrill Lynch Global Fund Manager Survey.

The publication notes that the 254 managers surveyed, who manage approximately $754 billion combined, are also taking on the most risk since 2004. Almost 80% said they're taking on more risk than normal.

The most telling sign of bullishness, according to InvestmentNews can be seen in how the global managers view bank stocks. For the first time since 2007, the survey found that managers are overweight global banks.

More on the rational exuberance of fund managers can be found in the InvestmentNews article.  

Edited by: Tommy Fernandez


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