Bank of America: Fund Manager Bullishness on US Stocks Reaches Highest Level Since December 2024

BlockBeats News, July 15th, a survey by Bank of America Global Fund Manager showed that fund managers' bullishness on the US stock market has reached the highest level since December 2024. A net 24% of respondents believe that US stocks will outperform other regions, marking the third highest allocation to US equities in the past five years.

In contrast, investors have reduced their allocation to UK stocks. Fund managers' confidence in London-listed stocks has dropped to the lowest level since August 2020. Compared to other regions, the UK stock market has underperformed year-to-date. So far this year, London's FTSE 100 Index has risen by 5.7%, while the S&P 500 Index has gained over 10%.