Market outlooks · Opinion

Chart of the Week: Fund manager yet to unwind risk

Jeroen's Blokland chart of the week

The latest edition of the Bank of America Global Fund Manager Survey shows that fund managers are still overweight equities while their expectations of future economic growth have come down considerably.

Indeed, the chart below shows that fund managers have never been so pessimistic about growth. Not during Covid and not during the Great Financial Crisis. The 'mismatch' between expectations and positioning is extreme.

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