BofA Securities, Credit Suisse, Goldman Sachs see more upside for equities

A BofA September Global Fund Manager Survey for September suggests that 58 per cent of those surveyed say the market is in a bull-phase - up from 25 per cent who believed so in May.

Despite a sharp rally in most global equity markets since their March lows, most fund managers remain bullish on the road ahead for this asset class. Although they do caution against intermittent corrections, the overall bullish trend, they say, remains intact for now.

A BofA Global Fund Manager Survey (FMS) for September suggests that 58 per cent of those surveyed say the market is in a bull phase — up from 25 per cent. 224 panelists with $646 billion worth of assets under management (AUM) participated in the survey conducted between September 3 and September 10. 199 participants with $601