Taper tantrum, rise in inflation and increase in corporate taxation have toppled Covid-19 as the biggest risk for investors, reveals the Global Fund Manager Survey by BofA. “A year ago, Covid-19 was named a global pandemic on March 11. Now in April 2021, a mere 15 per cent cite COVID-19 risk as the biggest tail risk, lower than even higher taxes at 15 per cent. Taper Tantrum is now first at 32 per cent, followed by inflation at 27 per cent,” said the brokerage in a note. The BofA Survey was conducted between April 6 and 12 with over 200 panelists with $553 billion in assets under management participating. More than 50 per cent of the participants expect a V-shaped recovery in the economy compared to just 10 per cent in May 2020. About 37 per cent believe it will be a ‘U’or ‘W’-shaped recovery.