Ranked Cross Asset Returns by Year The S&P 500 has proven to be the top-performing asset throughout the year, consistently outperforming other investment options. Image: BofA Global Investment Strategy Click the Image to Enlarge
All Money Market Funds Total Net Assets Despite the U.S. equity market’s upward trend since its low in 2022, investors continue to show a strong affinity for cash, as evidenced by the recent achievement of another record high of 5.836 trillion in money market funds. Image: BofA Global Research
GWIM Cash Allocation as % Asset Under Management The cash allocation among BofA’s private clients has the potential to act as a driving force for the 2024 bull markets. Image: BofA Global Investment Strategy
Cumulative Cross Asset Flows Money markets funds continue to see robust inflows, resulting in a significant increase in total assets to an unprecedented $1.3 trillion. Image: Deutsche Bank Asset Allocation
Probability of U.S. Recession As Priced Across Asset Classes The S&P 500 predicts a low recession likelihood at 18% in the United States. However, base metals, sensitive to industrial demand and global conditions, suggest a higher probability of 82%. Image: J.P. Morgan
Global Money Market Fund Assets Global money market fund assets hit a new all-time high of $8.3 trillion, highlighting the perceived security and attractiveness of these funds as a viable approach for temporarily storing and increasing capital. Image: Goldman Sachs Global Investment Research
Cumulative Inflows Across Asset Classes Cash is the flow winner of the 2020s. Image: BofA Global Investment Strategy
Money Market Assets Under Management Money market funds saw very strong inflows throughout the year, highlighting the attractiveness and perceived security of these funds as an effective strategy to park and grow capital in the short term. Image: BofA Global Investment Strategy
Performance – Best Performing Asset FMS investors are optimistic about the performance of bonds in 2024, expecting them to outshine and yield better returns compared to other asset classes. Image: BofA Global Fund Manager Survey
Asset Class Returns Forecasts Bank of America forecasts a soft landing and moderate growth for the global equities in 2024. Image: BofA Global Research