April 2022 Bank of America Global Fund Manager Survey Results (Summary)

The April 1-7 survey covered 292 managers with $833 Billion in assets under management.

OUTLOOK:

SENTIMENT:

POSITIONING:

MOST CROWDED TRADES:

BIGGEST TAIL RISKS:

The survey found 26% of respondents saw global recession as the top “tail risk,” while 25% identified hawkish central banks; 16% saw the Russia-Ukraine war as the top worry, down from more than 40% in March.

BANK OF AMERICA COMMENTARY: