You Say You’re Concerned About Corporate Leverage, But Are You Lying?

In the latest edition of BofAML's closely-watched global fund manager survey (out April 16), respondents indicated a clear preference for de-leveraging when asked about the best use of cash. Specifically, the percentage of those polled who want corporates to delever was 43%, and while that represented a downtick from the previous month, it's still within spitting distance of the post-crisis record. (BofAML) The percentage who want to see capex increase rose 4ppt from last month, but the fig