Wall Street Journal on China worries, quoting a survey of fund managers by Bank of America-Merrill Lynch:

  • Polled 222 fund managers who manage a total of $591 billion of assets
  • Their biggest worries throughout much of 2013 were political gridlock over the U.S. debt ceiling and the Federal Reserve paring back of its monthly asset purchases
  • Now 46%, say it’s a ‘hard landing’ for China and an accompanying collapse in commodity prices, is the biggest risk, up from up from 37% last month and 26% in December

But…

the growing worry about China’s economy doesn’t amount to bearishness. In fact, many investors remain convinced that China is well-placed to shrug off any market turbulence and still has policy levers it can use

More at the link (not gated)