macro

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 as global economic concerns rise, as shown in the August 2024 Bank of America Global Fund Manager Survey. With reduced equity allocations and higher cash holdings, fund managers are signaling a defensive stance. This shift in sentiment reflects growing uncertainty in the market.