BofA Survey: Global Investor Risk Appetite Soars, AI Capex Fails to Deter Bulls

BlockBeats News, August 19th, Bank of America's latest Global Fund Manager Survey shows that global investors' risk appetite is rapidly heating up. As the U.S. stock market approaches its record high again, fund managers' allocation to the stock market has risen to a five-year high, with the cash level dropping to 3.5%, indicating that the market has significantly recovered from previous concerns about slowing growth and the AI bubble.

Bank of America strategist Michael Hartnett pointed out that among the surveyed fund managers, a record 56% expect the global economy not to experience a significant "hard landing." In other words, the mainstream market positioning is betting on the economy maintaining resilience, corporate profits continuing to expand, and risk assets continuing to receive liquidity support.

Of note, the survey shows that AI capital expenditure has not temporarily become a core concern for investors. Despite tech giants continuously raising budgets for data centers, GPUs, servers, and power infrastructure, and the increasing discussion in the market about "AI spending overheating," the Bank of America survey indicates that fund managers are currently not overly worried about growth, rate hikes, AI capital expenditure, or U.S. political risks.