Global fund managers have just made their biggest shift ever into U.S. stocks and out of emerging market equities, according to Bank of America’s long-running monthly survey released Tuesday.
The S&P 500 SPX has gained 17% this year, while the iShares MSCI Emerging Markets ETF has increased just 3%. That said, the fund managers seem to be self-aware that the bet against China is a crowded one — short China equities was the second-most crowded trade, behind only long big tech.
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Bank of America says Q3 investment banking fees down 30%-35% for sector By ReutersBank of America says Q3 investment banking fees down 30%-35% for sector
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Bank of America Corp. stock rises Monday, still underperforms marketShares of Bank of America Corp. inched 0.42% higher to $28.48 Monday, on what proved to be an all-around positive trading session for the stock market, with...
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