Bank of America survey shows fund managers reached record bullishness with lowest cash levels in history
A Bank of America survey from January 2025 shows professional fund managers reached extreme bullishness with cash levels falling to a record low 3.2 percent.
Insights:
Bank of America released its January 2025 fund manager survey on January 20, 2025, revealing a structural shift toward maximum risk exposure among institutional investors. The survey of 96 fund managers, who oversee a combined $575 billion in assets under management, showed the Bull & Bear Indicator climbing to 9.4. This level is described by the bank as hyper-bull and marks the highest sentiment reading since at least July 2021.
