Global Fund Managers Ultra-Bullish on Stocks, Survey Finds
Dow Jones
Aug 18
Bank of America's latest monthly survey of fund managers has found that they remain optimistic about the AI-driven stock rally.
Among its findings:
-- The share of fund managers who said they are overweight equities is at its highest level since November 2021.
-- When asked what they expected the world economy to do in the next 12 months-a soft landing (a gentle slowdown) or a hard landing (a sharper slowdown)-most respondents chose neither. Instead, a record 56% of fund managers predicted "no landing," or continued growth.
-- Some 72% of respondents said they didn't expect the Fed to hike interest rates before the November midterm elections.
The bank said it surveyed 203 panelists representing $581 billion in assets under management, polling them over the week through last Thursday.
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