Global investor sentiment has climbed to its strongest level since February, with fund managers growing more optimistic on the economic outlook, artificial intelligence-linked spending and the prospect of a dovish Federal Reserve, Bank of America’s latest Global Fund Manager Survey showed.
Cash allocations fell to an “uber-low” of 3.6 per cent from 4.1 per cent in June, level that triggered BofA’s contrarian sell signal, while a record share of respondents
