Investors' expectations of global economic growth and corporate profits have tumbled to the lowest on record, Bofa's monthly survey of global fund managers for July said on Tuesday, describing the picture as "full capitulation"
BofA which polled investors overseeing $800 billion in assets said equity allocations had slumped to levels last seen in the 2008 global financial crisis, which was triggered by the collapse of the U.S. investment bank Lehman Brothers.
