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As Markets Sweat Wuhan Virus, Here’s Where The S&P Is Headed According To $740 Billion In AUM
"FMS investors' allocation to global equities has risen from net 12% underweight to net 32% overweight since Aug’19", BofA's Michael Hartnett writes, in the January edition of the bank's closely-watched Global Fund Manager Survey.
That, he goes on to say, is "the biggest jump in equity positioning since 2011". This month, a total of 249 panelists who together control some $740 billion in AUM participated in the poll.
The good news for those of you brave enough to hang around as stocks scale
