Stagflation fears are high among global investors.
Highlights: Stagflation fears have dominated investor sentiment with 86 percent expecting it in latest Bank of America fund manager survey. Investors preferred to hold cash, with allocations unchanged at 5.5 percent in April Bond allocations jumped 9 percentage points month-on-month to a net 10 percent, the highest since March 2009 Investors are hoping that China’s economic recovery could offset some of the global economic slowdown pain. Allocations to commodities have reduced by only 1 percentage points, a sign of expectations of higher Chinese demand Global...