Getting your player ready...
Mutual fund managers are feeling more optimistic about the global economy than they have since December 2005, according to a survey by Bank of America-Merrill Lynch.
But that doesn’t mean they’re itching to jump into stocks yet. A net 41 percent of the surveyed professional investors say they’re “underweight” stocks, up from a net 34 percent in February. Instead of stocks, the managers shifted to safer assets: They boosted cash holdings to 5.2 percent of the portfolio, on average, up from 4.9 percent. The Associated Press
