Global Fund Managers Turn Bearish

Good article here discussing the bearish view of global fund managers. We look to be in the middle of a major rotation in certian foreign markets.

From the Telegraph:

"Investors have sudden change of heart on China and India, reports Ambrose Evans-Pritchard
The world's fund managers are pulling their money out of China and India at a record pace on mounting fears of inflation and are now more pessimistic about global equities than at any time in the past decade.

The latest survey of investors by Merrill Lynch shows that Europe has become the most unpopular region, while Britain is still trapped in the doldrums.

But the big surprise is the sudden change in view on the emerging powers of Asia, as overheating and spiralling oil costs spoil the boom."

Quick take:

As you can see even the pros have been spooked by the market. There seems to be a major rotation going on in the global markets. International Funds may not perform as well. China's market is down almost 50% from the peak.

The big question now is did these managers rotate to cash or other equity markets?