BofA Says US Equity Exposure Surges to 11-Year High After Vote
- Survey shows fund managers turned more bullish post elections
- Expect US stocks to be the best-performing asset next year
US stocks have rallied since Donald Trump’s victory in the US presidential election.
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Investor exposure to US stocks jumped to the highest since 2013 after the presidential election, on optimism around stronger economic growth, according to a survey from Bank of America Corp.
The poll — which canvassed fund managers with $503 billion in assets — ran from Nov. 1 to Nov. 7. About 22% of participants responded after the election results on Nov. 6 and showed a “surge in bulls,” strategist Michael Hartnett wrote in a note.