BofA Clients With $614 Billion Hike Risk-Taking to New Records
- Some 25% of investors with ‘higher than normal’ bullish stance
- Fund manager survey comes as Wall Street warns on complacency
Photographer: Mark Kauzlarich/Bloomberg
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Bank of America Corp. clients with $614 billion combined are in the throes of an unprecedented frenzy of risk-taking, as more Wall Street banks sound the alarm on greed across markets.
After a week which recorded the strongest-ever inflow into stocks, a record net 25% of investors surveyed by the investment bank this month are taking higher-than-normal risks. Cash levels slumped to the lowest since 2013, while optimism on cyclical risk assets rose to the highest since 2011.