BofA Fund Manager Survey: Global Investors Most Bullish Since February
- BofA's July Global Fund Manager Survey (fielded July 2-9) shows sentiment at its strongest since February, with cash allocations dropping to an 'uber-low' 3.6% from 4.1% in June (per Reuters).
- A record 54% of respondents now expect a 'no landing' scenario for the global economy, and U.S. equity allocations were lifted to the highest overweight since December 2024.
- Investors cited optimism around AI capex and growth even as Middle East tensions push oil to one-month highs.