NEW YORK and LONDON – Europe is staging a comeback in investor portfolios while concerns about the U.S. fiscal cliff have taken center stage, according to the BofA Merrill Lynch Fund Manager Survey for September.

Investors should focus on investments that offer yield, quality and diversification amid expectations that the global economy will avoid recession but experience fragile growth in 2012, according to Bill O'Neill, Chief Investment Officer for Europe, Middle East and Africa (EMEA) at Merrill Lynch Wealth Management and the author of the Merrill Lynch Wealth Management Year Ahead 2012.

Swaps and dérivatives on real estate, what are the prospects of this new market ? The Merryl Lynch Managing Director Loic Guilloux, head of Fixed Income, Currencies & Commodities in France, provides answers...