Global fund managers still bullish, though capex ‘too hot’

Global fund managers remain “uber-bullish” – the most optimistic since June 2021 – and as a result, it will be much harder for asset prices to rise this quarter when everyone is positioned for that, Bank of America said.

“Our broadest measure of … sentiment, based on cash levels, equity allocation, and global growth expectations, rose to 8.2 from 8.1,” according to the bank’s February survey of these investors.

Source: https://www.afr.com/markets/equity-markets/global-fund-managers-most-bullish-since-june-2021-20260218-p5o371