Global growth expectations rebounded strongly for the second month in a row, with net 25 percent of regular surveyed fund managers (FMS) expecting global growth to weaken over the next year, according to the BofA Merrill Lynch March Fund Manager survey.

Inflation expectations also rebounded with net 34 percent of investors expecting higher global CPI in the next 12 months, a 13ppt increase from last month. 

Only net 28 percent of those surveyed think short term rates will rise in the next 12 months, a six year low.

Additionally, net 50 percent of investors say the US dollar is overvalued, a 1...