INVESTMENT

euros - wikimedia commons
euros - wikimedia commons
Uncertainty over the European bailout of Greece is raising uncertainty in investors. A new survey says fund managers are banking on US -based investments.

According to a new survey, conducted by Bank of America/Merrill Lynch., investments based in the United States are getting a boost due to investor fears over the impact of the Greek economy on the euro. The troubles in Europe may be giving a boost to the United States’ economy.
What the Survey Says

According to a news release by Bank of America/Merrill Lynch, the survey was attempting to find out where fund managers were buying securities. The survey polled 202 fund managers, managing a total of $530 billion valued in United States currency. The survey ran from 7 May to 13 May.

According to the news release, over a third of the fund managers polled felt that the US was a favorable climate for corporate earnings. A little over 40% of the fund managers surveyed said that that the eurozone, those countries that use the euro as their currency, was an unfavorable climate for corporate earnings.

Read more at Suite101: Survey: Fear Over Greece and Euro Fueling US Investments http://investment.suite101.com/article.cfm/survey-fear-over-greece-and-euro-fueling-us-investments#ixzz0tFQhfqRT