Slow recovery in markets seen as COVID-19 risks persist, cash still king - BofA survey

LONDON (Reuters) - Investors are bearish on stocks, especially riskier assets, and expect a slower economic recovery as the risk of a second wave of infections from the novel coronavirus persists, a BofA fund manager survey showed.World stocks have bounced back by a whopping 31% in less than two months from a March selloff, recovering more than half their losses, as investors bet that economic activity would rebound rapidly once lockdowns were eased.But evidence of fresh coronavirus infections..