Net % Investors Say They Are Overweight Bonds FMS investors currently have their largest overweight position in bonds since the global financial crisis, indicating their strong confidence in lower inflation and yields for the year 2024. Image: BofA Global Fund Manager Survey
FMS Investors Overweight Equities In the current market environment, FMS investors have a more positive outlook on equities. Image: BofA Global Fund Manager Survey
FMS Investors – Net % Expecting Higher Global CPI vs. Net % Expecting Higher Short-Term Rates There are still big expectations for inflation to fall. Image: BofA Global Fund Manager Survey
FMS Investors and Profit Expectations FMS global profit expectations are now more optimistic than they have been since February 2022. Image: BofA Global Fund Manager Survey
FMS Investors – Net % Overweight Real Estate FMS investors continue to have a pessimistic outlook on the real estate market. Image: BofA Global Fund Manager Survey
FMS Investors – Net % Think High Grade Will Outpferform High Yield Bonds Will high yield bonds outperform IG bonds over the next 12 months? Image: BofA Global Fund Manager Survey
Net % of FMS Investors Overweight U.S. Equities vs. Bonds FMS relative positioning in stocks vs. bonds remains low. Image: BofA Global Fund Manager Survey
FMS Investors – Net % Overweight Banks FMS investors are bearish on banks, while most banks are in very good shape. Image: BofA Global Fund Manager Survey
FMS Financial Market Stability Risks Index vs. S&P 500 Financial market stability risks continue to weigh on the S&P 500. Image: BofA Global Fund Manager Survey
FMS Investors – Net % Expecting Steeper Yield Curve Yield curve steepening expectations have increased. Image: BofA Global Fund Manager Survey
Inflation – Net % Expecting Higher Global CPI Almost all FMS investors expect inflation rates to fall. Image: BofA Global Fund Manager Survey