Investors remain cautious as second wave fears grow - BofA survey

Long tech and growth most crowded trade ever

David Brenchley
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Investors are particularly cautious on tech stocks. Image source: Zoom
Image:

Investors are particularly cautious on tech stocks. Image source: Zoom

Investors remain cautious, according to the latest fund manager survey from Bank of America (BofA), as cash remains at elevated levels and stockmarkets are seen as overvalued.

The number of fund managers that believe the stockmarket is ‘overvalued' fell back from June's survey but remained at all-time highs of 71% in July. Meanwhile, cash levels within institutional funds increased...

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