Fund managers are fearful that negative animal spirits have taken hold in the global economy and a recession is looming," the note, sent out by Chief U.S. Equity Strategist David Kostin and his team, says. "More than one-third of the clients attending our recent macro conference in Hong Kong expect cash will post the highest risk-adjusted return of any asset class in 2016. Nearly 60% of the participants forecast global equities will deliver a negative return this year.
More Than Half of Goldman s Clients Expect Losses in Global Equities | IAG Breaking News:
