21 December 2023
The latest Bank of America Global Fund Manager survey indicates a notable shift in sentiment among fund managers, who are now the most upbeat since January 2022. Despite this improvement, with sentiment at its “least bearish level” in nearly two years, growth expectations remain largely pessimistic. The survey showed a decrease in cash levels and a split outlook on the global economy, with most managers anticipating a soft landing, but a significant number still expecting a hard landing or a U.S. recession within the next year…