BofAML survey: Long emerging markets cited as most crowded trade for first time ever

18% cited this

Tom Eckett
clock • 1 min read

A long position in emerging markets has been cited as the most crowded trade in the market for the first time in the Bank of America Merrill Lynch (BofAML) survey's history.

The survey of 218 participants with $625bn of assets under management ran between 1-7 February and found 18% of respondents said long EM was the most crowded trade. This marks a major turnaround from last month's survey when short emerging markets was cited as the third most crowded trade in the market. Long US dollar was the second most crowded trade this month according to 17% of respondents while 14% refered to long FAANG+BAT, the lowest level on record. A full-blown trade war between the US and China was named as the biggest tail risk for the ninth straight month in a row with ...

To continue reading this article...

Join Investment Week for free

  • 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
member?

Login

More on Markets

Tiffany Wilding, (pictured) managing director and economist at PIMCO

PIMCO's Tiffany Wilding: Lessons from a year of unexpected economic resilience

'Risk of a downturn in 2024 remains high'

Tiffany Wilding
clock 06 December 2023 • 3 min read
Market Movers Blog: UK 10-year gilt yield drops below 4% for first time since May

Market Movers Blog: UK 10-year gilt yield drops below 4% for first time since May

Latest news and analysis

Investment Week
clock 06 December 2023 • 1 min read
Partner Insight: The dash for cash

Partner Insight: The dash for cash

Today’s investors face a challenging prospect of an oncoming recession and elevated market volatility, which may lead them to question their risk appetite and asset allocation. Against this backdrop, Fidelity’s fixed income team highlight the reasons why now is a good time to be allocating to cash in your investment portfolio.

Fidelity International
clock 06 December 2023 • 2 min read
Trustpilot