Bank of America Survey Shows Bank Overweight Positioning Fell 21 Points
Photo: TokenPost
Bank of America’s Global Fund Manager Survey showed net overweight positioning in banks fell 21 percentage points month over month in October, signaling a sharp reduction in fund managers’ bank allocation. Net overweight positioning measures the share of managers holding more bank exposure than their benchmark or typical allocation, minus those holding less. Despite the decline, positioning remained above its long-term average. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
