European Portfolio Managers Swing Bullish

via Ralph Atkins at the FT (emphasis mine):

…global investors surveyed were their most bullish about world economic prospects since December 2009 and reported their highest exposure to eurozone stocks since January 2008, according to BofA Merrill Lynch.

Exposure to UK stocks was the highest since December 2002. In contrast, emerging market equity exposures fell to the lowest since August’s survey showed 88 per cent of European fund managers expected the eurozone economy to strengthen in the year ahead, twice the level recorded last month and the highest since February 2004.

Source:

Fund managers back a European recovery (Financial Times)