Investors Most Bullish on Stocks in Close to 5 Years, BofA Survey Says
Dow Jones
Aug 18
1002 GMT - Investors are allocating more money to stocks than at any time since November 2021, according to Bank of America's August global fund manager survey. A net 56% of fund managers hold more stocks in portfolios than global benchmarks, the survey finds, the highest level since November 2021. Fund managers have been overweight equities for 14 consecutive months, the survey says, as investors double down on bullish stock-market bets. Just 3.5% of assets managed by fund managers are held in cash, an "uber-low" level and a 0.1 percentage point fall on July, the survey says.
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