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Investors believe it’s a new bull market

Investors believe it’s a new bull market
Investors believe it’s a new bull market
In September, fund managers reduced allocation to technology, healthcare and large-caps and increased allocation to industrials.

Synopsis

Bank of America Securities’ latest fund manager survey showed more investors are now saying that a new bull market has begun.

Mumbai: Bank of America Securities’ latest fund manager survey showed more investors are now saying that a new bull market has begun.The survey, which took place between September 3 and 10 and saw 199 participants who together manage $601 billion, showed that 58% of fund managers believe that a new bull market has started compared to 25% who said the same in May. About 18% of fund managers surveyed are overweight equities but far from being
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