Global funds still recommend bonds over stocks - Reuters poll
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BENGALURU (Reuters) - Global fund managers are convinced the world economy is already in recession, and recommended increasing bond holdings in March to the highest level in at least seven years while buffering up on cash at the expense of equities, a Reuters poll showed. The damage the coronavirus pandemic and oil price collapse have inflicted on global financial markets has been the fastest selloff since the crash of 1929 that led to the Great Depression.Some $15 trillion has been wiped..