BofAML survey: Investors most bearish since 2011

High allocation to cash

Laura Dew
clock • 1 min read
BofAML survey respondents are bearish on global growth

BofAML survey respondents are bearish on global growth

Investors have the worst outlook on the global economy since 2011, according to the latest Bank of America Merrill Lynch fund manager survey, driven by fears over slower global growth and US decoupling.

The survey of 244 panellists between 7-13 September with $742bn in assets under management globally, found a net 24% of investors expected global growth to slow in the next year.  The figure, up 7% from August, is the worst outlook since December 2011.  As a result, they have increased their cash balance to an average of 5.1%, an 18-month high, and above the ten-year cash average of 4.5%.  BofAML survey: US equity exposure reaches three-year high as investors 'flock to safe havens' Fears were driven by the decoupling between the US and the global economy, with 48% saying the dec...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Equities

Ken Wotton and Brendan Gulston, co-managers of the LF Gresham House UK Multi Cap Income fund

Five rules for resilience amid rocky markets

Barrage of headwinds

Ken Wotton and Brendan Gulston
clock 04 August 2022 • 5 min read
Chris Hutchinson of Unicorn Asset Management

The Big Interview: What I learned after being dropped from Hargreaves Lansdown's Wealth Shortlist

'I’ve no interest in falling out with people'

clock 04 August 2022 • 6 min read
Darius McDermott, managing director, FundCalibre

FundCalibre elite radar: ASI Global Smaller Companies

'Good contender'

Darius McDermott
clock 01 August 2022 • 4 min read