Fund managers stay bullish and wary of geopolitics = BoFA

July 16, 2024 at 7:02 PM GMT+9 (some excerpts)

According to the Bank of America (BoFA) global fund manager survey, respondents anticipate that US interest rates will drop and a hard landing can be avoided, and they maintain a bullish stance. Geopolitics was cited as the biggest risk factor.
The survey was conducted on 242 fund managers (total management amount of 632 billion dollars) from July 5 to 11. The investigation was carried out before the attempted assassination of former President Trump.