Title: August 2024 Bank of America Global Fund Manager Survey
1/ In August 2024, investor sentiment took a defensive turn, driven by growing concerns over the global economic outlook. According to the Bank of America Global Fund Manager Survey, which polled 220 participants managing $590 billion in assets, there was a marked shift towards caution, reflected in reduced allocations to equities and increased cash holdings, with sentiment among fund managers falling to a seven-month low.

Investors are turning cautious according to Bank of America survey. Reduced equities, higher cash holdings signal concern over global economy.