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Forget Covid. Fund managers now see inflation as biggest market risk

According to Bank of America's fund manager survey, 93% of respondents expect rising inflation in the next 12 months

According to Bank of America's widely-watched fund manager survey, 93% expect rising inflation in the next 12 months
According to Bank of America's widely-watched fund manager survey, 93% expect rising inflation in the next 12 months Photo: Johannes Eisele/Getty Images

Fund managers no longer view the Covid pandemic as the biggest threat to their investment portfolios.  But fears among stock pickers over rising inflation have reached an all-time high.

According to Bank of America's widely-watched fund manager survey, 93% expect rising inflation in the next 12 months — the highest percentage of respondents to identify this as the biggest “tail risk” since May 2004.

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