Posted AT 11:13 AM EDT on 16/08/05
Fund managers down on U.S.
Most fund managers believe the outlook for corporate profit is least favourable in the United States, according to Merrill Lynch & Co. Inc.'s August global fund manager survey.
Only 11 per cent of the 288 fund managers surveyed around the world — who between them oversee almost $1-trillion (U.S.) — think the corporate profit outlook is most favourable in the U.S., down from 16 per cent in July.
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