This month's wild ride in global stocks and fears of an emerging market crisis led funds to raise bond allocations to eight-month highs, even though most investors remain bullish on the outlook for Japan and the West. The monthly Reuters survey of 47 fund managers and chief investment officers in the United States, Europe, Japan and Britain was conducted as Chinese authorities battled to stem an equity market collapse and bolster flagging economies. Steven Steyaert, senior portfolio specialist, Multi-Asset at NN Investment Partners, said investors needed to pay heed to possible feedback loops from markets to the world economy.
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