The Zhitong Finance App learned that Bank of America's latest global fund manager survey shows that bullish global investors have raised their stock holdings to the highest level in the past five years, and there are few bearish ones. A team of Bank of America strategists led by Michael Hartnett said that 56% of the net fund managers surveyed overallocated stocks. This ratio hit a new high since November 2021, while the cash allocation ratio fell to an “extremely low” 3.5%.

The Zhitong Finance App learned that Bank of America's latest global fund manager survey shows that bullish global investors have raised their stock holdings to the highest level in the past five years, and there are few bearish ones. A team of Bank of America strategists led by Michael Hartnett said that 56% of the net fund managers surveyed overallocated stocks. This ratio hit a new high since November 2021, while the cash allocation ratio fell to an “extremely low” 3.5%.