Nearly 50% of fund managers believe most asset classes are overvalued - BofA survey

Omkar Godbole FXStreet Contributor

The percentage of global fund managers who believe most asset classes are overvalued has risen to nearly 50% – the highest level since 2008, according to a Bank of America (BofA) fund manager survey released on Tuesday.

Key points (source: Business Insider)

Investors are most bullish on since the February start of the pandemic-induced market sell-off.

The sentiment is still "far from dangerously bullish".

The most crowded trades among portfolio managers include long US tech stocks and long gold.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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