Fund Managers Hoarding Cash

The confidence of global fund managers took a hit amid tariff threats and economic uncertainty, while retail investors capitalized on ‘buy the dip’ sentiment. What Happened: Bank of America’s (BoFa) monthly global fund manager survey for March indicated a significant drop in...

Fund managers across the world are hoarding cash, according to Bank of America's monthly fund manager survey. The bank's survey consists of 213 fund managers across the world who manage close to $900 billion worth of assets. Only 1 percent of the managers indicated they are overweight equities,...