The majority of the world's leading investors do not believe the recent strong performance of stocks and other risky assets is sustainable, according to a report released today.
The FTSE All World equities index has surged more than 60 per cent since hitting a low for the year in March.
But Barclays Capital has revealed that just 17.5 per cent of the 605 investors interviewed for its quarterly FX investor sentiment survey – including central banks, asset managers, hedge funds and international corporate customers – think risky assets have further to rise. This is one aspect of a generally gloomy outlook for the global economy, which undermines optimism that “green shoots” of recovery are starting to emerge.