Investors appear to be getting more comfortable with the state of the global economy, leading to the most aggressive positioning in two and a half years. That’s accoring to a widely-watched gauge of market sentiment.
The June edition of Bank of America’s global fund manager survey found investors were rotating into Eurozone stocks, in particular, while remaining underweight bonds.
After BofA declared last month that fund manager sentiment was at its most bullish level since November 2021, its sentiment indicator rose again to a higher level in June.
