Institutional Investors buy bank stocks into rally Bank of America Merrill Lynch’s weekly fund manager survey is a great sentiment indicator of institutional investors. This week’s survey, which was conducted during the period 2 December to 8 December, quizzed a total of 211 panelists with $568 billion of assets under management. Throughout 2016, the survey revealed that institutional investors were cautious on global growth and at some points in the year had elevated cash allocations. However, since the results of the US election became known, Wall Street seems to have completely changed its outlook. Institutional Investors More Overweight Bank Stocks Than Ever…
Institutional Investors Most Bullish On Bank Stocks Since 2001
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk