Investment Manager Outlook Poll
According to the quarterly Investment Manager Outlook Poll, to be released today (last quarter's poll can be read here), tells us that mutual fund managers are bullish on large cap growth stocks and bearish on interest-sensitive investments like Treasury bonds.
Here are some numbers:
Of the survey of 97 institutional money managers:
84% are bearish on Treasurys
75% are bearish on corporate bonds
73% are bearish on junk bonds (high-yield debt)
53% are bearish on Real Estate Investment Trusts (REITs)
Finally, 65% of the managers are bullish on the pharmaceutical sector.
Interesting stuff. This just shows the importance of having a diversified portfolio.