Bank of America: Global fund managers' equity allocation hit a record high in May, with cash levels dropping from 4.3% to 3.9% among respondents

BlockBeats News, May 19th, according to a recent survey by Bank of America, the cash levels of respondents in May dropped from 4.3% to 3.9%, marking the largest monthly decline since February 2024. The survey shows that 40% of respondents believe the second wave of inflation is the biggest tail risk, while only 4% of fund managers expect an economic "hard landing."

On the geopolitical front, 66% of respondents expect the shipping bottleneck in the Strait of Hormuz to end in the coming months. Regarding U.S. bond yields, 62% of respondents expect the 30-year U.S. Treasury yield to reach 6%, while another 20% of respondents expect it to be 4%. Meanwhile, global fund managers reached a new high in stock allocation in May.