Global stocks have become the most popular asset class with investors, who are showing the biggest willingness to take risk in 15 years, according to a survey by Bank of America Corp.
Fund managers’ cash levels fell to the lowest since 2010, while 34% of participants said they expect world equities to be the best-performing asset in 2025, the survey showed. A net 11% indicated they were underweight bonds.
Investors are “long stocks, short everything else,” strategist Michael Hartnett wrote in a note. The bullishness was underpinned by expectations of robust economic growth and lower US interest rates this year, he said.
Global equities have rallied over 60% since a low in late 2022 on optimism around artificial intelligence as well as signs that a US recession had been averted. The rally had been driven by a narrow group of US technology stocks, and investors are now flocking into cheaper European equities.
[https://finance.yahoo.com/news/bofa-survey-shows-investors-haven-093701966.html](https://finance.yahoo.com/news/bofa-survey-shows-investors-haven-093701966.html)
