'Avoid China' sentiment drives investors to U.S stocks: BofA survey

Fund managers gloomiest about Chinese growth since COVID-19 lockdowns

20230912N Shanghai

One-third of participants in a Bank of America survey said Chinese real estate was the most likely source for a "systemic credit event." © Reuters

JACK STONE TRUITT, Nikkei staff writer

NEW YORK -- Investor optimism on China has dropped to "lockdown lows," according to a Bank of America survey that found a net zero percent of fund managers expected a stronger Chinese economy in the next 12 months.

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