BofA survey shows 37% of fund managers overweight tech stocks

Bank of America's October fund manager survey finds the biggest tech tilt since August 2020 and the gloomiest consumer outlook since 2008 Professional money managers have picked a side, and it is not the shopping mall. Bank of America ’s October 2026 Global Fund Manager Survey shows a net 37% of fund managers are now overweight technology stocks. That is up from 30% in September and marks the heaviest tech exposure since August 2020. Meanwhile, consumer discretionary stocks are getting the cold shoulder at a level not seen since July 2008.

Source: Crypto Briefing