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https://i-invdn-com.akamaized.net/news/indicatornews_3_M_1440048334.jpgCash levels at fund managers dropped in June to 4.7% from 5.7% last month as fear of prolonged recession fell to net 46% in June versus 93% in April, BofA’s survey of 212 fund managers with $598 billion in assets under management showed.
BofA said the recent optimism in markets was “fragile”.