BofAML survey: Cash levels jump to highest level since 9/11
At 5.9%
BofA said this showed “extreme investor pessimism” at its peak.
Cash levels held by fund managers across the globe stand at their highest levels since the 9/11 terrorist attacks in 2001, according to the Bank of America Merrill Lynch (BofAML) April Fund Manager Survey.
The research, released today (14 April), showed cash levels had jumped from 5.1% to 5.9% as the Covid-19 pandemic ravages economic markets across the world. BofA said this showed "extreme investor pessimism"...
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