Bank of America Merrill Lynch conducted a survey among global fund managers from 6 to 12 April this year. The survey showed that most global investors believed in the growth of stock value and believed that the increase in quotes had not yet reached its peak. 18% of survey participants believe that stock quotes have already reached their maximum. 40% expect this to happen in the second half of 2018. 39% of the participants expressed the opinion that peak values would be achieved not earlier than 2019 and even later. At the same time, investors' expectations about the growth prospects of the world economy fell to the lowest level since the Brexit voting in June 2016. The share of cash in the fund managers' portfolios rose to 5% in April from 4% in March.
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