Global fund managers see inflation, taper tantrum as bigger risk than Covid-19

In what can be termed as a stunning reversal, global fund managers no longer see the Covid-19 pandemic as the biggest risk to their portfolio even as the virus rages in many parts of the world. Instead, they now see inflation and a tapering of the US Federal Reserve’s bond purchases as the biggest risks. BofA Securities’ Global Fund Managers Survey found that money managers are now increasingly confident of a V-shaped recovery in the global economy, helped largely by staggering government stimulus and rollout of the Covid-19 vaccines in most parts of the world.

Read more