January 2023 Bank of America Global Fund Manager Survey Results (Summary)

The January survey covered ~300 fund managers with ~$750 billion under management.

OUTLOOK:

SENTIMENT:

POSITIONING:

  • Cash levels declined to 5.3% from 5.9%, the biggest drop since June 2020

MOST CROWDED TRADES:

  • LONG US DOLLAR

BIGGEST TAIL RISKS:

BANK OF AMERICA COMMENTARY: