Funds Flock To Central Bank "Safe Space"

What do big hedge funds, institutional investors, pension funds etc. have in common with Millennials? If you guessed safe spaces you are correct!

We live in uncertain times and it seems that Wall Street is extremely concerned about the outlook for financial assets. In fact, the Street appears to be so concerned about acid volatility and asset prices many asset managers are seeking safety in what is now being called the “safe space.”

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This “safe space” is a central bank creation. According to the findings of Bank of America Merrill Lynch’s most recent Fund Manager Survey, which quizzed 211 panelists with $628 billion of assets under management in...