A hasty policy shift by central banks anxious to tame surging inflation is the biggest downside risk for global stocks next year, according to an informal Bloomberg News survey of fund managers.
And with the post-pandemic rebound now past its peak, this month’s poll of 106 investors also shows that more market participants expect value stocks to outperform equities that soared this year on future growth expectations. While risks lurk, more than 40% of respondents singled out a more robust economic expansion as the main upside catalyst for 2022.
