An overwhelming majority of institutional investors believe that stock markets have peaked and fear a big correction is around the corner, according to according to a new survey by alternative assets information provider Preqin.
The alternative assets information provider conducted the survey in July. Of the 177 institutional investors polled, 74% believed equity markets are currently at their peak, compared to 56% a year earlier.
“Just 6% believe we are in an expansion phase, down from 21% that said so six months prior,” the data provider noted.
A general slowdown in the global economy...