Bank of America's Global Fund Managers Survey
A monthly survey of global fund managers' views
Bank of America conducts a survey titled Global Fund Manager Survey and publishes a report that summarizes the views of approximately 300 institutional, mutual and hedge fund managers around the world. The report is published monthly.
The latest survey reveals interesting outlook, but more importantly when we summarize the results of past survey results, we get even more interesting insights into what the fund managers have been up to. The below is what we can infer from surveys since 2014.
2014 and 2015 - Long USD.
2016 - Short emerging markets, long USD, long quality stocks.
2017 - Long USD, long NASDAQ, long Bitcoin.
2018 - Long FAANG, short volatility.
2019 - Long USD, long emerging markets, short European equities, long US tech stocks, long US growth stocks.
2020 - Long Cash, long US tech, long US growth stocks.
2021 - Long Bitcoin, long US tech stocks, long commodities.
2022 - Long Oil, long USD.
2023 - Long China equities, long European equities, long big tech.
2024 - Long magnificent seven.
FAANG - Facebook, Apple, Amazon, Netflix and Google.
Magnificent seven - Apple, Microsoft, Google, Amazon, Nvidia, Facebook and Tesla.