144. Money Manager to the market's dark, but they are positioning themselves for a prolonged recession, according to a study published on Tuesday. Only 32% of fund managers believe U.S. stocks are undervalued, compared to 42% three months, according to the latest quarterly survey by the Investment Manager Outlook Russell Investments. Management believes toakley sunglasses hat the slowing economy, inflation, credit markets and low energy costs, the most important factors that acquired shares in the second half of this year could undermine depending on the poll are. The survey, conducted 29th June to possibly 6335 visits from leaders of different asset classes and sectors gathered. Ruadidas shoes ssell, a unit of Northwestern Mutual Life Insurance Co., research and fund managers and select investors to market the line of the Russell stock indexes. Regarding the last quarter, managers are much more bearish in many areas of science and obligations. U.S. high-armani sunglasses class enterprise asset accumulation, for example, remains the most popular, but it is now favored by 57% of managers, against 64% three months ago. Shares of growth are those whose incomes are growing faster than the industry average. Managers away from certain sectors traditionally defensive stocks. Only 54% are optimistic about the actions of health care, for example, 71% from the previous quarter, while 37% of consumer goods compareair max 95 d to 47%. Technology, supported by 68% of directors, replaced health care as the materials sector benefiting most.Some results of the survey show that managers are for the dollar view of the end of its long decline. Manager lost the enair max 90 thusiasm of the integrated oil and energy stocks. Because the oil is usually in dollars, the dollar has increased the prices recently. If one in dollars, are not to devalue, it snike shoes ays to a point of low pressure on oil prices, Ristuben. And recorded foreign exchange, the good earnings in recent yeair max shoes ars, mainly thanks to the falling dollar, are favored by only 42% of managers. This represents a decrease of 54% last quarter and a record drop in the history of four years of investigation. Expectations of slower growth in countimberland bootstries like the United Kingdom and continental Europe as colorful views of managers of foreign securities in developed markets, he said Ristuben. Managers have favored more confidence in emerging market equities, which are 49% against 46% three months ago. Although many emerging market shares have fallen this year, emerging economies are those who have the highest growth rates in the future, says Silva.Directors also notcheap nfl jerseys ed the hope that increasing U.S. interest rates. Only 14% of executives U.S. government bonds, compared with 23% three months, while 27% are optimistic about business loans, by 37%. falling bond prices geneCHANEL sunglasses rally higher yields.leave a defensive investment manager, she also lost the enthusiasm of the money, is now favored by 24%, to 31% in the first quarter.