Original article by David Rogers
The Australian – Page: 27 : 22-Mar-18

The potential for a trade war has been identified as the biggest risk to the global bull market in a survey of fund managers by Bank of America Merrill Lynch. The prospect of a trade war has topped the list of "tail risks" for the first time since January 2017, in the wake of the tariff policies of US President Donald Trump. A sharp rise in inflation and a slowdown in global economic growth were the other key risks identified by the survey of 176 fund managers. However, 58 per cent of respondents expect growth of at least 10 per cent in global earnings per share over the next 12 months.

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