Where He Works:
BofA Merrill Lynch
What He Does There:
Chief Investment Strategist
Why He Matters And What He's Saying Now:
Michael Hartnett is one of the leading voices on Wall Street predicting a "Great Rotation" out of bond funds and into equity funds in the coming years as economic growth improves and the public returns to the equity markets. So far, in 2013, we've seen dazzling flows into equities, following a historic January for equity funds. Hartnett points out that over the past 26 weeks, $178 billion has flowed into such funds as the asset class regains popularity.
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