Investor confidence hit lowest level since 2008 financial crisis, says BofAML survey
Updated : June 19, 2019 03:44 PM IST
Cash level rose to the highest level since August 2011, up 1 ppt to 5.6 percent from 10-year average of 4.6 percent.
Fund managers’ equity allocation witnessed the second largest drop ever, only bettered by the drop in August 2011.
Interest rate expectations have collapsed with 32 percent of investors expecting short-term interest rates to fall over the next 12 months and just 10 percent seeing long-term interest rates to rise.
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