Bank of America has been asking fund managers' opinions since 2013, and has never found them more convinced a sector is overcrowded

Fund managers says the technology trade has never been more crowded. But that hasn’t kept them from also betting big on the sector.

Bank of America’s monthly fund manager survey finds 74% say long US tech stocks is the most “crowded trade”. That is the highest reading since the question started being asked in December 2013.

Tech stocks are the most crowded trade ever, fund managers say

Steve Goldstein

Bank of America

Brevan Howard’s Claire McCathie: ‘Achieving results commands respect’

Crypto hedge funds continue to rally as bitcoin approaches all-time high 

Citadel’s Drew Gillanders: ‘Our peers have a restrictive risk framework… we take a longer-term view’

Trading Places: Goldman’s ECM shake-up, Latham’s latest raid

https://images.fnlondon.com/im-329118?size=1.5

Find out who is on the move in the City and beyond this week

Sidley Austin raids Latham & Watkins for 10-lawyer team in London

https://images.fnlondon.com/im-38645354?size=1.5

CDPQ hires Sharon White to lead push in Europe

https://images.penews.com/im-05261766?size=1.5

Former chair of the John Lewis Partnership is joining the Canadian pension fund giant early next year

One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

GQG Launches Buyback After Stock Tumbles on Adani Probe

The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

By Brian Schwartz, Vivian Salama and Andrew Restuccia

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

The U.S. auditing watchdog voted to require certain audit firms to disclose eight new metrics ranging from auditor turnover to partner involvement and restatement history.

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade

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

https://www.wsj.com/?type=allesseh_content_full_list

https://www.fnlondon.com/client

MY ACCOUNT

ABOUT

SECTIONS

unbolded

Financial News