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2025-12-16 20:29:53
[Strategy Rotation: Bank of America Survey Reveals Global Funds Are Withdrawing from These Assets] ⑴ According to Bank of America's global fund manager survey released in December, investors reduced their holdings of euro-denominated assets that month. ⑵ Other asset classes that saw reductions during the same period included bonds and healthcare stocks. ⑶ Fund flows were concentrated on increasing holdings of materials, technology stocks, and US stocks. ⑷ The survey showed that a net 13% of investors believed the euro was undervalued, a figure unchanged from the November survey. ⑸ This adjustment in asset allocation reflects investors' overall optimistic sentiment, leading to specific sector and regional rotations, a preference for growth and inflation themes, and caution towards European assets.
