BofAML survey: Investors predict equities will peak in H2 2018

'Bulls silenced but not defeated'

Some 40% of investors are expecting equities to peak in the second half of 2018, according to the latest monthly survey by Bank of America Merrill Lynch, as allocations to the asset class fall to an 18-month low.

According to the April survey, where 216 people were surveyed with $646bn in assets under management, 40% of investors expect an equities peak in the second half of 2018, 39% think they will peak in 2019 or later, while 18% think they have already peaked. As a result, investors' allocations to equities fell to an 18-month low of net 29%, which is down from a net 41% overweight in March.  Also, the average cash balance increased from 4.6% to 5%. BofAML survey: Expect volatility spike in Q1 Looking at the impact of political concerns, 64% of fund managers said they would move unde...