Credit risk poses greatest risk to stability: survey
Merrill Lynch's fund manger survey also shows positive view on Japan
By Sarah Turner, MarketWatch
Managers raise Japanese equity exposure
The survey said that asset allocators raised their exposure to global emerging market equities and to Japanese equities over the month.
"Interest in Japanese equities picked up...helped by the undervaluation of the yen. Japan as taken over from the euro zone as the region with the most undervalued equity market," the survey said.