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Fund managers pile most into risk in a decade as bears nowhere to be found

Bank of America's fund manager survey show cash levels are at their lowest since March 2013, with commodity and stock allocations at a 2011 high

By

David Ricketts

Bank of America's widely-watched fund manager survey found that 91% expect a stronger economy in 2021
Bank of America's widely-watched fund manager survey found that 91% expect a stronger economy in 2021 Photo: Getty Images

It's bullish out there.

Fund managers are hoarding the lowest levels of cash in eight years, as stock pickers across the globe display increased confidence in a post-Covid economic recovery. Meanwhile, fund managers' allocations to stocks and commodities is now its highest since February 2011.

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