Surge in investors buying protection against market fall: BofA-ML survey

BofA-ML polled over 200 money managers handling $630 billion in assets during early September

The share of investors buying protection against a correction in the equity markets has seen the largest monthly increase in 14 months, says a survey of Bank of America Merrill Lynch (BofA-ML) survey of global fund managers. In September, there was a nine percentage point increase in equity hedging and only a net 24 per cent of those polled hadn’t bought protection against a fall in the equity markets.

The optimism over global growth continued to decline, with 25 per cent of investors expecting a stronger economy in the next 12 months, as compared to 62 per cent at the