Recent MNI Main Wire story on........>

US TSYS/STOCKS: Recent MNI Main Wire story on latest BA/ML monthly fund manager

survey report said "improved global growth expectations had world investors

diving back into equities and further shunning bonds in October." 

- The story said "when asked how the global real economy would develop over the

next 12 months, a net 41% of portfolio managers polled looked for faster growth,

the highest level since May, when a net 48% had that view." 

- Also Fund Mgr Survey "cash holdings fell to 4.7% this month, the lowest level

since May 2015," it said, and vs "ecent cash highs of 4.9% in August and July,

but well below the October 2016 peak of 5.8%. Allocation to cash fell to a net

28% overweight in October versus a net 33% overweight in September."

- On asset allocation, a net 45% of fund managers said they were overweight

global equities, the highest in six months, vs. net 34% overweight in September

and a net 36% overweight in August.

- And a net 60% of portfolio managers were underweight bonds in October, the

lowest allocation in seven months, the survey said. In September, a net 55% of

fund managers were underweight bonds, versus a net 59% underweight in August.