Global Fund Managers Afraid to Miss Out on AI Frenzy, Survey Shows
- Investors are “exclusively long” tech and IG bonds: survey
- Remain cautious on stocks overall, expect more Fed rate hikes
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Almost nobody wants to miss out on the brisk rally in US tech.
That’s the broad consensus from Bank of America Corp.’s latest global survey of fund managers, which showed investors are “exclusively long” tech stocks amid the buzz around artificial intelligence. Long Big Tech was the most crowded trade, according to 55% of the participants, the strongest conviction since 2020.