ECB stimulus moves target investors

The European Central Bank’s pending stimulus measures for the eurozone economy are expected to see international investors lump on European stocks this year.

According to the latest international fund manager survey, from Bank of America/Merrill Lynch, investors still have a muted risk appetite, with lower oil prices and policy stimulus expectations sustaining both overall growth hopes and investor confidence.

“Amid expectations of ECB stimulus, consensus is convinced that Europe is the region to overweight in the coming year,” according to Manish Kabra, European equity and quantitative strategist at Bank of America.