3% of fund managers foresee 2012 end to debt crisis
Just 3 per cent of fixed income fund managers believe that the debt crisis in Europe will be solved this year.
Most respondents in a a quarterly fixed income investor survey carried out by Fitch Ratings believe the crisis will persist through 2012. 48 per cent of survey respondents expect the sovereign debt crisis to continue largely as is, the survey showed. It represents the views of managers of an estimated $7.1 trillion of fixed income assets.
“A quarter of investors are more pessimistic, expecting the situation to worsen, evenly balancing the 24 per cent who think it will get better or be solved,” said Monica Insoll, managing director of Fitch's credit market research group.
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