A record level of global investors think shares are overvalued

A record level of global investors currently think shares are overvalued, while an increased amount of them are taking more risks with their investment choices than before, a survey shows, writes Geoff Percival.

A record level of global investors currently think shares are overvalued, while an increased amount of them are taking more risks with their investment choices than before, a survey shows, writes Geoff Percival.

The latest monthly fund managers survey from Bank of America Merrill Lynch said a record high 16% of investors are taking “above normal” levels of risk in their investment. It added that a net 48% of global investors — also rated as a record high — feel that equities are currently overvalued.