The respondents of the survey included a group of fixed income and equity managers across value and growth styles, with a bias toward fundamental, bottom-up stock picking strategies.
According to the survey, a large portion of managers believe that correlations between equities will begin to move lower, after reaching record highs in the fall of 2011.
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49% of managers expect GDP growth to accelerate over the next six months, which is up from 29% in the fourth quarter of 2011.
In the case of corporate earnings, the respondents were positive, with more than three-quarters anticipating earnings growth to remain stable or accelerate throughout 2012.
The outlook for job growth in the US also was perceived as remaining favorable, with 33% of the respondents expecting a pick-up in job growth and 49% expecting job growth to be stable over the next six months.
Situation in Europe, followed by domestic concerns, such as the impact of the US elections and the US sovereign debt level were cited as the biggest threat to equity markets.
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By GlobalData40% of the respondents believed in correlations among equities to be lowering over the next six months, while correlations among equities reached record-high levels in late-2011.
Further, the respondents were most bullish on technology and energy sectors for the shot-term and bearish on utilities and telecomm.
