Fund Investors: Investors and America Merrill

fund investors: Investors are well-hedged but not positioned for a breakdown in trade talks, said Michael Hartnett, BofAML chief investment strategist, according to Market Watch. But investors also see little reason to buy in May' unless the 3Cs credit, the consumer and China quickly surprise to the upside. Thirty-four percent of fund investors who participated in the Bank of America Merrill Lynch global fund survey this month have hedged against a sharp equity market fall over the next three months, the largest proportion in the poll's history. Trade war was the top tail risk identified by participants, a finding that BAML said was no surprise given the survey took place between May 3 and 9 see chart below . Still, trade-war worries remained well below levels seen last summer. Equities dropped after China retaliated to the U.S. decision late last week to hike tariffs on 200 billion of Chinese imports. Bank of America Merrill Lynch Caption outside of wrapper for normal article images Stocks tumbled Monday, with the S&P 500 SPX, 0.58% and the Dow Jones Industrial DJIA, 0.45% posting their biggest one-day declines since January, while the Nasdaq COMP, 1.13% saw its biggest drop of 2019. (news.financializer.com). As reported in the news.