BoA: Managers Dump Equity Hedges As Once Again China Tops Tail Risk List

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Rupert Hargreaves
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Updated on

Bank of America Merrill Lynch’s regular global fund manager survey provides an interesting insight into how fund managers are trading in the current environment. Compiled by Chief Investment Strategist Michael Hartnett, the survey gauges the current sentiment of 213 panelists with $645 billion in assets under management. Today, the bank published the results of the survey conducted during the period 5 to 11 May. According to the report on the topic, despite the market’s steady grind higher, respondents are still holding an elevated level of cash, but, on the other hand, they are dumping equity hedges. The average cash weighting reported…

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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