Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Macro

BofA Fund Manager’s Survey – Aug 2024

by Team Lumida
August 14, 2024
in Macro
Reading Time: 9 mins read
A A
0
Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Bank of America surveys fund managers worldwide to gauge their outlook on the markets.

For August 2024 – 220 panelists with $590bn AUM participated in the August survey.

Join our telegram group to get commentary on these reports as soon as they release.

Key: FMS – Fund Manager Survey, OW – Overweight, UW – Underweight

Here are the Key Takeaways in Charts:

Jump to section

12. Net 29% of FMS investors expect profits to deteriorate in the next 12 months

  • 1. 47% Managers expect a weaker global economy in the next 12 month
  • 2. Investors raised cash levels to 4.3% from 4.1%
  • 3. Investor Sentiment drops to 7-month low
  • 4. 55% of FMS investors believe that global monetary policy is too restrictive
  • 5. 59% expect lower bond yields
  • 6. 93% of investors expect short-term rates to be lower in 12 months’
  • 7. 60% of FMS investors expect 4 or more rate cuts from the Fed
  • 8. FMS investors rotated into bonds vs out of stocks in August
  • 9. “Long Magnificent 7” the most crowded trade
  • 10. FMS net OW healthcare, tech & stocks vs UW REITs, consumer & materials
  • 11. 47% of investors expecting a weaker economy in the next 12 months
  • 12. Net 29% of FMS investors expect profits to deteriorate in the next 12 months
  • 13. FMS investor allocation to equities is the lowest since Jan’24.
  • 14. FMS investors are the most overweight bonds since Dec’23.
  • 15. FMS investors have raised cash allocation in the past 2 months
  • 16. August saw FMS investors increasing allocation to healthcare and staples

In August, the % of FMS investors turned net negative on global profit expectations for the 1st time in 6 months, a 31ppt MoM drop (biggest monthly drop since Mar’22)

Jump to section

12. Net 29% of FMS investors expect profits to deteriorate in the next 12 months

  • 1. 47% Managers expect a weaker global economy in the next 12 month
  • 2. Investors raised cash levels to 4.3% from 4.1%
  • 3. Investor Sentiment drops to 7-month low
  • 4. 55% of FMS investors believe that global monetary policy is too restrictive
  • 5. 59% expect lower bond yields
  • 6. 93% of investors expect short-term rates to be lower in 12 months’
  • 7. 60% of FMS investors expect 4 or more rate cuts from the Fed
  • 8. FMS investors rotated into bonds vs out of stocks in August
  • 9. “Long Magnificent 7” the most crowded trade
  • 10. FMS net OW healthcare, tech & stocks vs UW REITs, consumer & materials
  • 11. 47% of investors expecting a weaker economy in the next 12 months
  • 12. Net 29% of FMS investors expect profits to deteriorate in the next 12 months
  • 13. FMS investor allocation to equities is the lowest since Jan’24.
  • 14. FMS investors are the most overweight bonds since Dec’23.
  • 15. FMS investors have raised cash allocation in the past 2 months
  • 16. August saw FMS investors increasing allocation to healthcare and staples
Page 12 of 16
Previous 12345678910111213141516 Next
Source: Bank Of America
Tags: Fund Manager SurveyMacro
Previous Post

China’s Oil Demand Slump: What It Means for Global Markets

Next Post

Tencent’s Profit Booms: Domestic Gaming Revenue Back in Action!

Recommended For You

The ‘Busan Freeze’: How Trump Quietly Abandoned His Tough-on-China Playbook

by Team Lumida
49 minutes ago
China’s Bold Economic Moves: What You Need to Know Now

A WSJ investigation reveals Trump 2.0 has paused tariffs, shelved tech bans, sidelined China hawks, and told agencies to stop naming China in threat bulletins — a sweeping...

Read more

Trump Asks Netanyahu to Scale Back Lebanon War to Save Iran Ceasefire Talks

by Team Lumida
1 hour ago
Supreme Court Signals It Will Strike Down Trump’s Birthright Citizenship Order

Hours after announcing the Iran ceasefire, Israel launched ~100 simultaneous strikes killing 300+ in Lebanon — forcing Trump to call Netanyahu and demand he be 'more low-key' before...

Read more

Trump Eyes Punishment for NATO Allies That Sat Out the Iran War

by Team Lumida
22 hours ago
Supreme Court Signals It Will Strike Down Trump’s Birthright Citizenship Order

The White House is circulating a plan to move U.S. troops out of NATO countries — potentially including Spain and Germany — that blocked or restricted base access...

Read more

Why Iran Thinks It Won the War — Despite Catastrophic Military Losses

by Team Lumida
22 hours ago
Why Iran Thinks It Won the War — Despite Catastrophic Military Losses

Iran emerged from 38 days of war with the U.S. and Israel having survived, retained control of the Strait of Hormuz, and established a new deterrence — and...

Read more

Iran Tightens Its Grip on Hormuz Despite the Ceasefire — Charging Tolls and Limiting Traffic

by Team Lumida
22 hours ago
Iran Tightens Its Grip on Hormuz Despite the Ceasefire — Charging Tolls and Limiting Traffic

Despite Trump's demand for a 'complete, immediate, and safe' reopening of the Strait of Hormuz, Iran's Revolutionary Guard is asserting continued control — restricting ship traffic, requiring Iranian...

Read more

Bank of England’s Bailey Warns Iran War Is Triggering a ‘Double Whammy’ for Private Credit

by Team Lumida
22 hours ago
Bank of England’s Bailey Warns Iran War Is Triggering a ‘Double Whammy’ for Private Credit

FSB Chair Andrew Bailey told European Parliament the Iran war's market shock may be bringing private credit under stress for the first time — warning of volatile markets...

Read more

The 12-Hour Countdown: How Trump’s Iran Ultimatum Gripped — Then Shocked — the World

by Team Lumida
2 days ago
Supreme Court Signals It Will Strike Down Trump’s Birthright Citizenship Order

Trump threatened to destroy 'a whole civilization' by 8 p.m. Tuesday. What followed was 12 hours of global panic, frantic diplomacy, Wall Street contingency planning — and a...

Read more

How China Became Iran’s Economic Lifeline — and Fueled Its War Machine

by Team Lumida
3 days ago
China’s Bold Economic Moves: What You Need to Know Now

China now buys nearly 100% of Iran's oil through shadow tankers, teapot refineries, and Hong Kong front companies — a $8.4B trade network that has bankrolled Iran's proxy...

Read more

Trump Floats Seizing Iran’s Oil Fields — With One Eye on China

by Team Lumida
3 days ago
Supreme Court Signals It Will Strike Down Trump’s Birthright Citizenship Order

President Trump publicly mused about taking Iran's oil, framing it as both a financial windfall and a strategic lever against China — whose refiners have depended on cheap...

Read more

Asia’s Fuel Crisis Is Europe’s Warning — Hormuz Blockade Creates 10% Global Oil Supply Deficit

by Team Lumida
4 days ago
The Iran War’s Invisible Casualty: A Helium Crisis That Could Cripple AI Chips and MRI Scanners

Iran's blockade of the Strait of Hormuz has left global oil supply 10% below pre-war levels, with Asia already rationing fuel and facing factory shutdowns — while Europe,...

Read more
Next Post
a low angle view of a building

Tencent's Profit Booms: Domestic Gaming Revenue Back in Action!

a gold bit coin sitting on top of a black table

Bitcoin Hits $61K Milestone: How Will the U.S. CPI Impact Its Future?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

China ETFs Outshine Active Funds with 40% Annual Rise

Unlocking Profits: Chinese Market Soars on Stimulus News

July 31, 2024
Jobs Surge Crushes Rate Cut Hopes

Jobs Surge Crushes Rate Cut Hopes

October 4, 2024
Why Tokens Are Sabotaging AI: The Hidden Flaw in Generative Models

BTC Faces Key Resistance: Why Bulls Shouldn’t Lose Hope

July 13, 2024

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips AI demand Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC Semiconductor stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018