Investors are counting down to the new year with a lot of bullish cheer for the global economy, corporate profits and equities – especially in Europe and Japan, according to a fund manager survey from Bank of America-Merrill Lynch.
A net 71 percent of fund managers expect the global economy will strengthen next year, up from November's 67 percent and far stronger than 40 percent a year ago, the survey found.
(Read more: Six reasons why 2014 is the year the economy clicks)
Similarly, 41 percent expect global corporate profits are set to rise in 2014, up from just 11 percent a year ago.
All that bullishness has translated into a lot of love for equities, with a net 54 percent of managers overweight on the asset, up from November's 52 percent, a standard deviation above the 10-year average, the survey found.