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Fund managers are loving European stocks

Bank of America Merrill Lynch's latest fund manager survey shows lack of enthusiasm for US equities

Fund managers are loving European stocks

“Uncle Scram” — that is how strategists described the latest moves by fund managers, MarketWatch reports.

Allocations to US stocks have fallen to their lowest levels since January 2008, according to Bank of America Merrill Lynch’s global fund manager survey for April.

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