Bank of America survey shows investors are returning to risk assets at a record pace
According to a report by Jinse Finance, a monthly survey by Bank of America shows that optimism about economic growth and robust corporate profits is driving fund managers to return to risk assets at a record pace. The survey indicates that, over a three-month period, the risk level in investors’ portfolios has reached its highest point since 2001, with a significant increase in allocations to U.S. and European equities as well as technology stocks. The July survey reveals that allocations to U.S. equities saw the largest increase since December of last year. Allocations to technology stocks also recorded the biggest three-month surge since 2009. In addition, the overweight position in eurozone equities has reached its highest level in four years.
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