NEW YORK (MaceNews) – Global investors prepared for lower yields in November, with cash levels falling and allocation to stocks and bonds on the rise, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. “The conviction of ‘peak Fed’ is now...
Managers now have 5 percent of their portfolios in cash on average, the highest level since June 2012 and up from 4.6 percent in April, according to the Bank of America Merrill Lynch (BofAML) Fund Manager Survey. Asset allocators are also reducing their equities weighting, which has fallen f...
The investment bank's latest monthly survey of global fund managers found that cash levels posted their largest decline since President Donald Trump's 2016 election to 4.2% from 5% as investors rushed to take on risk. Cash on hand is now at its lowest level since June 2013. Michael Hartn...